Oil prices extended recent gains on Friday, with Brent crude futures briefly hitting 2019 highs above $65 per barrel, helped by OPEC-led supply cuts and the announcement of an even deeper cut by Saudi Arabia.
Global benchmark Brent crude rose 0.3 percent to $64.76 per barrel, while U.S. West Texas Intermediate crude futures were up 0.1 percent at $54.46 per barrel.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.