Today Market In Crude Oil down in early Asia as API data shows steady build.

The market is shown the down trends in today. Crude oil prices fell in early Asia on Wednesday as industry data showed a solid build in U.S. crude oil stocks.

The American Petroleum Institute showed a 5.1-million-barrel gain in oil supplies in the past week in data released late Tuesday, a 2.5-million-barrel build in gasoline stocks and a 1.1-million-barrel decline in distillate inventories. Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in November traded at $88.51 a barrel, down 0.18%.

Overnight, crude oil futures extended losses after the International Monetary Fund cut its forecast for global economic growth this year.