Oil prices were little changed on Friday, but were on track for a third weekly gain, drawing support from tighter supply amid issues in Libya and Nigeria and signs of easing U.S. inflation.
Benchmark Brent crude futures were virtually unchanged at $81.36 a barrel, while WTI crude futures were down marginally at $76.86.
The oil market is expected to be very tight due to declining Russian crude exports and supply disruptions in Libya and Nigeria.
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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.