U.S. crude dips, post-settle, on API stock build

NEW YORK, Jan 19 (Reuters) - U.S. crude oil futures edged down in post-settlement trading on Wednesday after data from the American Petroleum Institute showed a hefty inventory increase last week, defying forecasts for a drawdown.

On the New York Mercantile Exchange, crude for February delivery <CLG1> was down 63 cents, or 0.69 percent at $90.75 a barrel at 4:35 p.m. EST (2135 GMT). Before the data was released, the contract was down 50 cents, at $90.88.

Earlier, the contract settled at $90.86, down 52 cents, or 0.57 percent.

API, an industry group, said that for the week to Jan. 14, domestic crude inventories rose 3.5 million barrels to 340.6 million barrels. The forecast in a Reuters poll of analysts called for a 600,000 barrel drawdown for the period. (Reporting by Gene Ramos)