The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. decreased by slightly more than expected in the week ended August 22nd.
The report said crude oil inventories fell by 2.4 million barrels after tumbling by 6.0 million barrels in the previous week. Economists had expected crude oil inventories to dip by 2.0 million barrels.
At 418.3 million barrels, U.S. crude oil inventories are about 6 percent below the five-year average for this time of year, the EIA said.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.