Crude oil inventories in the United States increased by 1.6 million barrels in the week that ended October 18, the American Petroleum Institute’s (API) private data allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly fell by 216,000 barrels. Gasoline stockpiles declined by 2 million barrels, while distillate inventories dropped by 1.5 million barrels, according to the reported data. NN: Crude oil inventories rising, distillates drooping. Slow demand time of the year. And of course inventories will built because refineries are closed for maintaince and gearing up for winter time production. And of course distillate inventories will go down as they sell off summertime blends.