Crude oil futures settled lower on Thursday as worries about the outlook for energy demand due to slowing global economic growth weighed on prices.Oil prices rose sharply earlier in the session, continuing to benefit from Wednesday's data from the Energy Information Administration (EIA) showing a drop in U.S. crude inventories last week.Russia's decision to cut gas supplies via Nord Stream 1, its ...
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.