Crude oil prices fell sharply on Friday, pushing the most active crude futures contract to their lowest close in about seven months.Weak outlook for energy demand due to a possible global recession outweighed concerns about tight supplies.The dollar's strong uptick weighed as well on oil prices. After announcing its third straight 75-basis point hike in interest rates, the Fed signaled more rate h...
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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.