Crude oil price moved a little higher on Wednesday, supported by EIA data supporting strong gasoline demand.WTI Crude Oil for August delivery inched up by $0.05 to settle at $68.38 per barrel today.September month Brent Crude contract was last seen trading, up by $0.06, to $70.21 per barrel today.US President Donald Trump stated that he is planning to impose a new 50% tariff on all copper imports ...
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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.