Oil prices climbed on Friday but were set for a third straight week of losses on fears of an impending recession in the United States and slowing Chinese growth.Benchmark Brent crude futures rallied 1.6 percent to $73.67 a barrel, while WTI crude futures were up 1.6 percent at $69.63.Oil prices received some support today after a survey showed activity in China's services sector remained well with...
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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.