Crude oil prices rose sharply on Friday, continuing to find support from the OPEC+ decision earlier this week to cut output by 2 million barrels per day from November.
Russia also reiterated this week that it won't sell oil to countries that adopt a U.S.-led price cap, adding to supply uncertainty.
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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.