Crude oil increased on Friday amid concerns of a supply side disruption due to brewing U.S.-Venezuela tension and the ongoing Russia-Ukraine conflict as U.S. efforts to end the war have been unproductive thus far.WTI Crude Oil for January delivery was last seen trading up by $0.47 (or 0.84%) at $56.62 per barrel.In the ongoing Russia-Ukraine conflict, after an earlier proposal to utilize frozen Ru...
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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.