Oil prices rose sharply on Friday amid rising concerns about the potential impact of the ongoing Israel - Hamas war on global crude supplies.Israel's military today called for all civilians of Gaza City, more than 1 million people, to relocate south within 24 hours.The Israeli military said it would operate "significantly" in Gaza City in the coming days and civilians would only be able to return ...
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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.