Oil prices traded lower on Wednesday in Asia after data from the American Petroleum Institute (API) showed that U.S. crude stockpiles rose last week.
U.S. Crude Oil WTI Futures lost 0.8% to $54.07 by 12:38 AM ET (04:38 GMT). International Brent Oil Futures were down 0.5% to $59.43.
Crude inventories rose by 4.5 million for the week ended Oct. 18, the API said.
The Energy Information Administration (EIA)'s weekly report is due tomorrow. Analysts expect the EIA to report a build of 2.23 million barrels.
Source : Investing.com