Oil prices traded higher on Monday in thin trade, with many markets in eastern Asian countries closed for the Lunar New Year holiday.
Benchmark Brent crude futures rose 0.3 percent to $87.89 a barrel, while WTI crude futures were up 0.3 percent at $81.85.
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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.