Crude oil prices declined sharply on Tuesday, extending recent losses, amid concerns about the outlook for energy demand due to the impact of the coronavirus outbreak on global growth. West Texas Intermediate Crude oil futures for April ended down $1.53, or about 3%, at $49.90 a barrel, the lowest settlement in about two weeks.Brent crude futures declined $1.48 to $54.86 a barrel.On Monday, WTI cr...
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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.