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.

REI Co-op Studios captures the extraordinary beauty of a life lived on the edge of mortality with the global release of its award-winning short documentary, The Life We Have, which follows a man’s devotion to daily runs during his two decade-long battle with stage 4 bone and lung cancer. The studio’s release includes a nationwide “Run for Rob” screening tour with regional run clubs and raising funds for nonprofits including Cancer Support Community. The Life We Have is live now on REI.com and the co-op's YouTube channel. The Life We Have follows REI employee Rob Shaver who has battled stage four cancer for more than two decades. Rob has run at least one mile every day for over three years through rain, pain, and relentless perseverance, transforming the simple act of running into a testament to strength, discipline, and hope. The Life We Have explores the questions at the heart of the human experience: What gives life meaning when time feels fragile? How do we keep moving forward when suffering feels endless?