The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. decreased by much more than expected in the week ended August 1st.The report said crude oil inventories fell by 3.0 million barrels last week after surging by 7.7 million barrels in the previous week. Economists had expected crude oil inventories to slip by 1.1 million barrels.At 423.7 mi...
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.