Oil prices rose sharply on Tuesday to extend gains from the previous session amid signs of further easing of China's COVID restrictions.
The shutdown of the Keystone pipeline last weekend also added to supply uncertainty and put upward pressure on prices ahead of inventory data releases.
For comments and feedback contact: editorial@rttnews.com
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.