Oil prices fell further on Wednesday, after having tumbled to an 11-month low in the previous session on concerns about the outlook for energy demand.
Benchmark Brent crude futures fell nearly 2 percent to $77.82 a barrel, while WTI crude futures were down 1.8 percent at $72.90.
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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.