Oil prices traded higher on Friday but headed for a weekly loss amid renewed optimism about U.S.-Iran talks. However, both the sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.Brent crude prices traded up over 3 percent around $106 a barrel but were down nearly 4 percent for the week. WTI crude futures were up 2.6 percent at $98.88 a barrel and hea...
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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.