Oil prices traded slightly lower on Tuesday, after having surged 3 percent to a one-week high in the previous session on hopes of strong summer demand for fuel and potential U.S. crude purchases for its petroleum reserve.Benchmark Brent crude futures dipped 0.3 percent to $81.43 a barrel, while WTI crude futures were down 0.2 percent at $77.55. Investors await the release of a monthly report from ...
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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.