Oil Near Three-Week High as Investors Await U.S. Inventory Data

Futures lost as much as 1 percent in New York, after falling 2.4 percent in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute was said to report. That will be the biggest gain since January if replicated in government data Wednesday. Libya is gradually resuming output at its biggest oil field, people familiar with the matter said. Nationwide crude stockpiles fell by 4.08 million barrels last week, the API said Tuesday, according to people familiar with the data. Crude stockpiles at Cushing, Oklahoma, climbed by 2.08 million barrels. An Energy Information Administration report Wednesday is forecast to show supplies slid by 500,000 barrels, according to the median estimate in a Bloomberg survey. Click Read More below for more of the story.

American Dollar to Canadian Dollar = 0.745208; American Dollar to Chinese Yuan = 0.143390; American Dollar to Euro = 1.184912; American Dollar to Japanese Yen = 0.009532; American Dollar to Mexican Peso = 0.045105.

American Dollar to Canadian Dollar = 0.795663; American Dollar to Chinese Yuan = 0.154431; American Dollar to Euro = 1.177453; American Dollar to Japanese Yen = 0.009048; American Dollar to Mexican Peso = 0.049796.