Rebounding from yesterday's plunge, crude oil has catapulted on Thursday as concerns of supply disruptions due to a protracted war in gulf increased following U.S. President Donald Trump's address to the nation yesterday.WTI Crude Oil for May month delivery was last seen trading up by $11.94 (or 11.93%) at $112.06 per barrel.Yesterday, Trump addressed the nation to offer a snapshot on the current ...
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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.