Oil prices were moving lower on Monday after OPEC+ decided to keep output unchanged through the first three months of the year.Concerns over sluggish demand in China, a stronger dollar and the prospect of a production revival in Venezuela also weighed on prices. Benchmark Brent crude futures fell over 1 percent to $60.13 a barrel, while WTI crude futures were down 1 percent at $56.73.OPEC+ agreed ...
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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.