API estimates send US crude weaker

U.S. one-dollar and five-dollar currency notes; taken September 2018.U.S. one-dollar and five-dollar currency notes; taken September 2018.

U.S. crude oil prices fell after a surprise build in estimated U.S. weekly crude inventories.

Inventories of U.S. crude rose 1.2 million barrels for the week ending Sept. 14, the American Petroleum Institute reported Tuesday. Gasoline stockpiles eased 1.5 million barrels, significantly higher than the 104,000-barrels decline forecast by analysts. Distillates rose 1.5 million barrels.

NYMEX West Texas Intermediate was quoted down 0.07 percent to US$69.80 a barrel heading into the Asian trading day on Wednesday. ICE Brent crude oil futures settled up 1.26 percent to US$79.03 a barrel, while WTI gained 1.36 percent to US$69.85 a barrel.

The Energy Information Administration is set to release supply data on Wednesday at 10:30 a.m. EDT.