Oil prices fell more than 1 percent on Thursday as inflation and interest-rate worries returned to the fore, raising concerns about the outlook for fuel demand.Benchmark Brent crude futures fell 1.4 percent to $76.06 a barrel, while WTI crude futures were down 1.3 percent at $71.56.After Federal Reserve Chair Jerome Powell signaled more interest rate hikes to tame inflation, investors in the Treas...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.