Oil prices rose notably on Wednesday, as China stimulus hopes and signs of tight supply arising from output cuts by Saudi Arabia and Russia offset data showing a large weekly build in U.S. crude inventories.
Benchmark Brent crude futures climbed 0.7 percent to $86.80 a barrel, while WTI crude futures were up 0.9 percent at $83.64.
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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.