Oil prices rose in choppy trade on Thursday after three days of losses. While tensions in the Middle East helped push prices higher, the upside remained capped by COVID-19 related concerns and data showing a surprise build in crude stockpiles in the United States, the world's top oil consumer.
Brent crude futures for October delivery climbed 0.7 percent to $70.89 a barrel in European trade, while West Texas Intermediate crude futures for September settlement were up 0.9 percent at $68.73.
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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.