A report released by the Energy Information Administration on Wednesday showed an unexpected increase by crude oil inventories in the U.S. in the week ended July 4th.
The EIA said crude oil inventories jumped by 7.1 million barrels last week after climbing by 3.8 million barrels in the previous week. Economists had expected crude oil inventories to decrease by 2.0 million barrels.
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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.