Oil prices were unchanged on Friday, reversing an early slide as strong service sector data from Asia and Europe helped calm market fears that a recession may be imminent. Benchmark Brent crude futures were marginally higher at $84.79 a barrel, while WTI crude futures were virtually unchanged at $78.16.Oil prices headed for a weekly gain of nearly 2 percent amid a pullback in the dollar and on opt...
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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.