Crude oil prices fell sharply on Thursday, pushing the most active oil futures contract to a more than three week closing low.Hawkish comments from Federal Reserve officials, recent data that raised concerns about the interest rate outlook and the surge in Covid-19 cases in China all weighed on oil prices.The International Energy Agency (IEA) has once again lowered its global oil demand growth est...
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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.