Crude oil prices plunged sharply on Monday amid rising concerns about the outlook for energy demand due to the rapidly spreading coronavirus outside China.According to reports, the number of new cases of coronavirus infection is rising in South Korea, Iran, Afghanistan and Italy.A report from Reuters, quoted Saudi Aramco CEO Amin Nasser as saying the coronavirus impact will be "short term". This p...
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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.