Crude oil futures settled higher on Thursday as data showing a drop in U.S. crude inventories continued to support oil prices.A weak dollar contributed as well to the jump in oil prices. The dollar index dropped to 91.91, losing more than 0.4%. The dollar drifted lower after the Federal Reserve said on Wednesday that it has not yet set a time to start tapering its bond purchases.Data from Genscape...
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.