Crude oil prices tumbled on Thursday as the demand forecast by the International Energy Agency for 2026 indicating overwhelming supply prompted investors to sell.WTI Crude Oil for March delivery was last seen trading down by $1.97 (or 3.05%) at $62.66 per barrel.In its monthly oil report today, the Paris-based International Energy Agency projected that global oil supply would exceed demand by 3.73...
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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.