Oil prices were a tad higher on Thursday as heightened geopolitical tensions in the Middle East offset official data showing a surprise inventory build. Benchmark Brent crude futures were up 0.6 percent at $84.95 a barrel after edging lower in Asian trade. WTI crude futures were up 0.6 percent at $81.38.Geopolitical developments supported crude oil prices, with tensions between Israel and Hezbolla...
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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.