Crude oil inventories in the U.S. unexpectedly saw a modest increase in the week ended November 28th, the Energy Information Administration revealed in a report released on Wednesday.
The EIA said crude oil inventories rose by 0.6 million barrels last week after climbing by 2.8 million barrels in the previous week. Economists had expected crude oil inventories due to decrease by 1.9 million barrels.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.