Oil prices rose on Tuesday as focus shifted to U.S. inflation data and the OPEC's monthly outlook report both due later in the day.Rising speculation about the impact of Ukraine's offensive around Kharkiv on supply of Russian oil and uncertainty about revival of the Iranian nuclear deal also supported prices.Benchmark Brent crude futures rose 1.1 percent to $95.02 per barrel, while WTI crude futur...
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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.