Oil prices climbed on Wednesday after a slew of U.S. economic data revived optimism that a recession can be avoided.
However, overall gains were kept in check by a firmer dollar, weak industrial profits data from China and a mixed industry report on U.S. crude stockpiles.
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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.