Crude oil futures settled higher on Monday, recovering well after sharp early losses, as traders looked ahead to the monetary policy decision of the Federal Reserve, and the meeting of the Organization of the Petroleum Exporting Countries and its allies.
The Federal Reserve is set to announce its policy decision on Wednesday. The central bank is widely expected to hike interest rate by 50 basis points. The bank's views on the economy and the outlook for future rate hikes are in focus.
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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.