Oil prices fell about 1 percent on Wednesday after U.S. gasoline stocks fell more than expected last week, heightening pressure on the Biden administration to release oil from emergency reserves.Benchmark Brent crude futures dropped 74 cents, or 0.9 percent, to $81.69 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 79 cents, or 1 percent, at $78.95.The American Petrole...
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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.