Crude oil futures settled higher on Thursday, recovering from early losses, as Israel reportedly prepared to move into Gaza to fight against Hamas.
Oil prices fell earlier in the session, after the United States' decision to ease crude sanctions against Venezuela offset potential supply disruptions amid the tensions in the Middle East.
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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.