Despite data showing a drop in U.S. crude inventories for an eighth straight week, crude oil futures settled lower on Wednesday, weighed down by data showing a drop in gasoline demand.
Data showing a drop in China's first-half crude imports also weighed on oil prices.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.