Oil prices rose on Friday after the highest-level talks between Russia and Ukraine since the start of the war failed to yield progress and Russia warned Europe of 'wave of consequences' against massive Western sanctions.
U.S. President Joe Biden is set to call for an end to normal trade relations with Russia as the Senate passed a $1.5 trillion funding bill Thursday night to keep the government running through September and bolster both humanitarian and military efforts in Ukraine.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.