U.S. crude stocks up; gasoline, distillate inventories fall: API

Crude inventories rose by 584,000 barrels in the week to Oct. 16 to about 490.6 million barrels, compared with analysts’ expectations in a Reuters poll for a draw of 1 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.2 million barrels, API said.

Refinery crude runs fell by 197,000 barrels per day, API data showed.

Gasoline stocks fell by 1.6 million barrels, compared with analysts’ expectations in a Reuters poll for a draw of 1.8 million barrels.

Distillate fuel inventories, which include diesel and heating oil, fell by 6 million barrels, compared with expectations for a draw of 1.7 million barrels.

U.S. crude imports rose by 70,000 bpd, the data showed.

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