Crude oil prices were lower Wednesday morning, having whipsawed bak and forth since hitting a 6-year low before Christmas.
WTI light sweet crude fell 1 dollar to $36.90 a barrel, unable to sustain yesterday's rally.
The American Petroleum Institute, an industry group, reported Tuesday that U.S. crude-oil inventories rose by 2.9 million barrels in the latest week.
Most analysts expected a second consecutive drawdown in stockpiles.
The Energy Information Administration will release its weekly petroleum status report for the week ended 25th at 10:30 am ET.
The National Association of Realtors is due to release its pending home sales index for November at 10 am ET. Economists expect the index to increase 0.5 percent month-over-month.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.