Oil prices lower after industry data shows rise in U.S. crude inventories

Oil futures fell Wednesday, under pressure after data from an industry trade group showed a rise in U.S. crude inventories, with official government data due later in the session.

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The American Petroleum Institute late Tuesday afternoon reported that U.S. crude inventories rose by 3.6 million barrels last week, according to a source citing the data, while gasoline stocks rose 400,000 barrels and distillate supplies declined by 3.9 million barrels.

Official…