Following the modest rebound seen in the previous session, the price of crude oil showed a much more substantial move to the upside during trading on Friday.Crude for December delivery was last seen trading at $59.97 a barrel, up $1.28 or 2.2 percent, after rising $0.20 or 0.3 percent to $58.69 a barrel during yesterday's session. The sharp increase by the price of crude oil came after a Ukrainian...
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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.