Crude oil prices rebounded on Friday amidst global cheer at the stimulus measures rolled out by China. Concerns over firmer supply that had dragged down prices heavily during the week took backstage on Friday amidst overwhelming hopes of a demand rebound in China.
Brent Oil Futures for December settlement is currently trading at $71.34, having gained 0.35 percent from the previous close of $71.09. Prices had slipped more than 2 percent each on Wednesday and Thursday.
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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.