Oil prices held steady on Friday and were on track for another weekly gain despite news of a record release of emergency reserves by members of the International Energy Agency.
Benchmark Brent crude futures were up half a percent at $100.95 a barrel, while WTI crude futures held largely steady at $95.69.
Brent prices are set for a 10 percent weekly gain and WTI contracts are poised for more than a 6 percent uptick for the week despite the U.S. announcing several measures to ease supply concerns.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.