Crude oil prices moved sharply higher on Monday, lifted by concerns over global oil supplies amid talks the U.S. and its Western allies are likely to impose a ban on Russian oil.Uncertainty about a revival of Iran's nuclear deal with world powers also contributed to supply concerns and the resultant surge in oil prices to 14-year highs.West Texas Intermediate Crude oil futures for April ended high...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.