Crude oil prices fell on Friday, as demand concerns due to potentially reduced consumption in oil and energy increased amid a new tariff regime kickstarted by the US government.
Today, WTI Crude Oil for September delivery was last seen trading down by $1.92 (or 2.77%) at $67.34 per barrel.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.