Crude oil futures declined sharply on Wednesday and settled at a one-week low amid rising concerns about the outlook for energy demand due to rising coronavirus infections in India.Data showing an unexpected uptick in U.S. crude inventories also weighed on oil prices.Traders were also following the developments on the U.S.-Iran nuclear talks. According to reports, the U.S. might consider lifting t...
For comments and feedback contact: editorial@rttnews.com
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.