Crude oil prices are paring early gains and drifting lower Thursday morning, after having surged higher on data showing a drop in crude inventories in the U.S.Traders, weighing energy demand prospects and the supply situation in the market, appear to be taking some profits, cashing in recent gains.West Texas Intermediate Crude oil futures for November are down $0.55 or 0.76% at $71.68 a barrel, co...
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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.