After ending the previous session sharply lower, crude oil futures showed a strong move back to the upside during trading on Thursday.
Crude for June delivery surged $1.84 or 3.2 percent to settle $59.91 a barrel after tumbling $1.02 or 1.7 percent to $58.07 a barrel during Wednesday's session.
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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.