Oil prices rose on Monday, although the upside remained capped by renewed concerns about a slowing global economy. Benchmark Brent crude edged up 0.25 percent to $64.38 a barrel while U.S. West Texas Intermediate (WTI) futures were up 0.1 percent at $57.55 a barrel. Prices remain somewhat supported by robust U.S. jobs report released last week and a flare up in geopolitical tensions.The latest job...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.