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U.S. Crude Oil Inventories up Last Week

The American Petroleum Institute (API) on Tuesday reported an increase of 1.335 million barrels of crude oil in U.S. inventories for the week ending Nov. 10.

Analysts were expecting a surge of 1.400 million barrels for the week.

The API reported a hike of 11.900 million barrels in the previous week.

Oil prices settled flat on Tuesday. The West Texas Intermediate for December delivery closed flat and settled at 78.26 U.S. dollars a barrel on the New York Mercantile Exchange.

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