Crude oil prices tumbled on Tuesday amid renewed uncertainty about energy demand, and on the dollar's rise after Fed Chair Powell said interest rates will likely remain high in order to fight inflation.
The dollar index climbed to 105.57, gaining about 1.2%.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.