Oil futures snapped a four-day winning streak and settled lower on Friday amid uncertainty about the outlook for demand after recent data showed a jump in crude inventories in the U.S.Data showing drop in U.S. consumer sentiment in the month of June, and a firm dollar weighed too.The International Energy Agency's forecast that oil demand in 2024 will likely drop to 0.96 million barrels per day, do...
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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.