Crude oil futures settled at over 2-week highs on Wednesday, lifted by data showing a drop in U.S. crude inventories and worries about supply disruptions due to the ongoing war in Ukraine.Concerns about disruptions in crude exports from Kazakhstan's CPC terminal on Russia's Black Sea coast significantly contributed to the spike in oil prices.West Texas Intermediate Crude oil futures for May ended ...
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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.