Oil prices were moving higher on Monday amid supply disruptions in Europe and optimism over a demand recovery in China. Benchmark Brent crude futures rose half a percent to $83.19 a barrel, while WTI crude futures were up 0.6 percent at $76.75.The upside remained capped by hawkish Fed bets after the release of strong inflation data.Russia has halted supplies of oil to Poland via the Druzhba pipeli...
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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.