Oil prices rose more than 1 percent on Tuesday after media reports suggested that China will probably ease its disruptive COVID-Zero policy by the end of this year.
A weaker dollar and the decision of the Organization of Petroleum Exporting Countries to lift its medium to long term demand forecasts also offered some support.
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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.