As the oil industry continues to struggle with oil price shocks, the U.S. Energy Information Administration reported a crude oil inventory build of 1.6 million barrels for the week to March 20. This comes after two consecutive weekly inventory builds, the first of 7.7 million barrels , for the first week of March, and another, of 2 million barrels , for the second week of the month. Gasoline and distillate fuel stockpiles, however, have been declining substantially since the start of the month. For the first week of March, gasoline inventories fell by 5 million barrels, while during the second week of the month, they shed another 6.2 million barrels. The most recent data for last week suggests that gasoline inventories fell by 1.5 million barrels. Distillate fuel stockpiles last week shed 700,000 million barrels after during the previous two weeks, they declined by a combined 9.3 million barrels. […]