Oil prices rose about 1 percent in European trade amidst fears of lower supplies from Russia and signs of declining inventories.
Investors also assessed chances of further stimulus from China after rating agencies sent stark warnings about Wanda Commercial, China's biggest commercial real estate firm.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.