Crude oil inventories in the U.S. increased by much more than anticipated in the week ended November 7th, according to a report released by the Energy Information Administration on Thursday.
The EIA said crude oil inventories shot up by 6.4 million barrels last week after jumping by 5.2 million barrels in the previous week. Economists had expected crude oil inventories to rise by 2.0 million barrels.
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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.