Partly offsetting the surge seen over the two previous sessions, crude oil prices plunged on Thursday after traders opted to book profits. In addition, upcoming U.S.-Iran talks and ongoing Russia-Ukraine negotiations pulled down prices, while weak U.S. jobs data increased demand concerns.WTI Crude Oil for March delivery was last seen trading down by $1.87 (or 2.87%) at $63.27 per barrel.Weeks ago,...
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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.