U.S. oil deposits fell 5.8 million barrels last week, the American Petroleum Institute, an industry group, reported Tuesday, according to news reports. The API reportedly saw a 1.9 million barrel increase in gasoline stocks and a 4.4 million barrel increase in distillate stocks. Energy Data Management has closer data on Wednesday morning. Analysts conducted by S&P Global Platts expect EIA data to show that crude investments fell 3.8 million barrels, while gasoline stocks are expected to show an increase of 3.2 million barrels and brewing stock will see a rise of 2.8 million barrels . Oil times in e-commerce rose after the data. West Texas Raw Intermediate for Delivery in February CL.1,
CLG21,
traded at $ 53.30 a barrel on the New York Mercantile Exchange, up from nearly $ 53.23 a barrel Tuesday afternoon.