Crude oil inventories in the U.S. unexpectedly increased in the week ended April 17th, according to a report released by the Energy Information Administration on Wednesday.
The EIA said crude oil inventories climbed by 1.9 million barrels last week after slipping by 0.9 million barrels in the previous week. Economists had expected crude oil inventories to dip by 1.2 million barrels.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.