Crude oil futures settled higher on Wednesday as prices rose on reports about a slow progress in restoration of crude output in the Gulf of Mexico region.
Worries about the outlook for energy demand due to the surge in coronavirus cases, and a strong dollar limited oil's gains.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.