Crude oil futures settled higher on Friday after a report from the International Energy Agency (IEA) forecast strong demand for oil and tightening supplies in the market.
In a report released today, the IEA said global oil demand hit a record 103 million barrels per day in June and added that demand could scale another peak this month.
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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.