Crude oil prices tumbled on Thursday, extending losses from the previous session, amid concerns about the outlook for energy demand in the near term due to slowing economic growth and rising interest rates.Fresh Covid-related curbs in several areas in China raised concerns about energy demand in the world's second largest economy.Higher gasoline stockpiles in the U.S. and lower demand during the p...
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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.