Crude oil prices edged lower on Wednesday after data showed a jump in U.S. gasoline stockpiles in the week ended June 4.However, the downside was just marginal as the official data showed crude inventories fell for a third straight week.According to the report released by the Energy Information Administration (EIA), crude inventories in the U.S. dropped by 5.2 million barrels last week, higher tha...
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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.