The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.927 million barrels for the week ending March 19. Analysts had predicted a much smaller inventory build of 272,000 barrels for the week. In the previous week, the API reported a draw in oil inventories of 1 million barrels after analysts had predicted build of 2.964 million barrels. After oil prices fell last week, they fell even further on Tuesday ahead of today's data. At 4:00 p.m. ET, before Tuesday's data release, WTI had fallen by $3.91 on the…
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