Crude oil prices climbed higher on Friday on falling supplies in certain parts of the world, and optimism about the outlook for energy demand.
The outlook for oil demand improved after data showed an expansion in manufacturing activity in China in March.
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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.