Iran nuclear worries pushes crude oil to 4-year high

Futures in New York increased 0.6 percent after a 1.9 percent drop on Tuesday. U.S. crude inventories rose 3.43 million barrels last week, the American Petroleum Institute was said to report. That compares with a 1.23 million-barrel gain in a Bloomberg poll of analysts ahead of Wednesday’s government data. The oil market has priced in a more than 50 percent probability that the U.S. will sanction Iran, according to Standard Chartered Plc. If the API’s stockpiles data is reflected in the government announcement, it would be the biggest build since early March. The industry body was also said to show crude inventories in the American oil-storage hub of Cushing, Oklahoma, rose by 725,000 barrels last week. Gasoline stocks increased by 1.6 million barrels while distillates declined 4.08 million. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.729251; American Dollar to Chinese Yuan = 0.138054; American Dollar to Euro = 1.084184; American Dollar to Japanese Yen = 0.006368; American Dollar to Mexican Peso = 0.059938.

American Dollar to Canadian Dollar = 0.750646; American Dollar to Chinese Yuan = 0.145895; American Dollar to Euro = 1.105473; American Dollar to Japanese Yen = 0.007542; American Dollar to Mexican Peso = 0.055367.