Despite the truce in the Middle East, crude oil posted gains on Friday in the wake of the US confirming readiness to sign trade deals with China and multiple other trading partners and indications of strong summer demand in the US.
WTI Crude Oil closed up by $0.28 to settle at $65.52 per barrel today.
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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.