Oil prices fell more than 1 percent on Monday after a survey found that growth in factory activity slipped sharply in China, the world's second-largest oil consumer.Brent crude oil futures for October delivery fell 99 cents, or 1.3 percent, to $74.42 a barrel, while U.S. West Texas Intermediate (WTI) crude futures for September settlement dropped 117 cents, or 1.6 percent, to $72.78 a barrel. Data...
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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.