Oil prices fell notably on Tuesday, after having gained more than 2 percent in the previous session on the back of better-than-expected U.S. jobs data and signs of supply disruptions in Canada.
Benchmark Brent crude futures fell 0.7 percent to $76.45 a barrel, while WTI crude futures were down 0.8 percent at $72.61.
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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.