A report released by the Energy Information Administration on Wednesday showed an unexpected decrease in U.S. crude oil inventories in the week ended March 8th.
The EIA said crude oil inventories fell by 1.5 million barrels after climbing by 1.4 million barrels in the previous week. Economist had expected inventories to rise by 1.3 million barrels.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.