Crude oil prices have tumbled on Friday as expectations of the U.S. and Iran signing a Memorandum of Understanding run high. The MoU would allow for immediate reopening of the Strait of Hormuz and pave the way for the resumption of oil and energy trade.WTI Crude Oil for July month delivery was last seen trading down by $1.65 (or 1.86%) at $87.25 per barrel.The war between the U.S.-Israeli forces a...
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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.