Oil prices fell on Thursday to extend losses from the previous session as recession fears mounted.
Industry data showing an unexpected build in U.S. stockpiles last week and the Biden administration's push for a series of measures to address high gasoline prices also added to the downside momentum.
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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.