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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.