Crude oil prices drifted lower on Thursday as concerns about the outlook for energy demand resurfaced amid fears of a possible recession due to rising interest rates.The Organization of the Petroleum Exporting Countries (OPEC) said it expects global oil demand to rise at a slower pace than 2022 in 2023 due to high prices and risks such as inflation.Fresh Covid-related curbs in several parts of Chi...
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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.