<b>Oil</b> Pares Gains After API Reports Surprise <b>Crude</b> Inventory Build

The American Petroleum Institute (API) reported a surprise build of 4.755 million barrels of United States crude oil inventories for the week ending January 17, ending the streak of seven large draws in the previous seven weeks, according to the API data. Analysts had expected a drawdown of 1.6 million ...