Oil prices rallied on Tuesday after Saudi Arabia said it was comfortable with Brent oil above $80 a barrel.Ahead of a meeting between major producing countries in Algeria, the Bloomberg reported citing people familiar with the kingdom's view that the country is comfortable with higher oil prices, at least in the short term. Benchmark Brent crude was up 1.56 percent at $79.27 per barrel while U.S. ...
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Market Analysis
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.