Futures Movers: Oil futures rise after API inventory data

Light, sweet crude-oil futures for delivery in February climbed 33 cents, or 0.4%, to $93.61 a barrel in electronic trading, after figures released by the American Petroleum Institute late Tuesday in the U.S. showed stockpiles increased by just 46,000 barrels in the week ended Jan. 11.
Analysts surveyed by Platts had anticipated an increase of 2.5 million barrels.
The more closely-watched weekly inventory data from the U.S. Energy Information Administration is due later on Wednesday.