Reuters | Oil drops on rising US crude inventories The Globe and Mail U.S. crude oil inventories rose by 882,000 barrels in the week ending May 12 to 523.4 million, compared with analyst expectations for a decrease of 2.4 million barrels, data from industry group the American Petroleum Institute (API) showed on Tuesday. Oil falls as market stays well supplied despite cuts Today's oil prices are helping US drillers beat OPEC. Goldman's Jeffrey Currie explains how Oil prices fall on concerns about US supply glut |