Oil prices rose on Friday as fears of an acute supply shortage outweighed concerns over a slowdown in global economic growth.
Benchmark Brent crude futures rose a little over 1 percent to $108.58 in European trade, while U.S. West Texas Intermediate (WTI) crude futures were up 0.9 percent at $107.11.
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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.