Crude oil prices rose sharply on Thursday, extending gains from the previous session, amid rising hopes about energy demand after the International Energy Agency (IEA) lifted its demand outlook.
The dollar's weakness following the soft inflation data contributed as well to the rise in oil prices.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.