After rebounding from last Wednesday's slump over the two previous sessions, the price of crude oil showed a significant move back to the downside during trading on Monday.Crude for June delivery tumbled $0.97 or 1.5 percent to $62.05 a barrel after rising $0.23 or 0.4 percent to $63.02 a barrel last Friday.The sharp pullback by the price of crude oil came amid ongoing concerns about demand due to...
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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.