Crude oil inventories in the U.S. unexpectedly increased by the week ended August 8th, according to a report released by the Energy Information Administration on Wednesday.
The EIA said crude oil inventories rose by 3.0 million last week after falling by 3.0 million barrels in the previous week. Economists had expected crude oil inventories to dip by 0.8 million barrels.
At 426.7 million barrels, U.S. crude oil inventories remain about 6 percent below the five-year average for this time of year, the report said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.