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Brent, U.S. Crude Futures Slip on API Stocks Rise

Brent, U.S. Crude Futures Slip on API Stocks Rise

Brent and U.S. oil futures slightly extended losses on Tuesday after larger-than-expected rise in crude stocks in the United States last week.

April 4, 2012 8:36 by



Brent and U.S. oil futures slightly extended losses on Tuesday after a report from the industry group American Petroleum Institute showed a larger-than-expected rise in crude stocks in the United States last week.

Brent crude lost 40 cents at $125.03 a barrel by 4:36 p.m. EDT (2036 GMT), after being down about 33 cents ahead of the report.

U.S. crude was down $1.12 at $104.11 a barrel, having been off $1.02 before the report.     (Reporting by Robert Gibbons; Editing by Dale Hudson)



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