Oil prices eased for the second day running on Thursday as signs of rising Covid-19 infections and the resultant lockdowns raised demand concerns.
Brent crude for March delivery dropped 0.2 percent to $55.95 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 0.1 percent at $52.87.
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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.