Crude oil declined on Monday as oversupply concerns and fears of a slowdown by the global economy brought on by US tariffs continue to play out.
Today, WTI Crude Oil was last seen trading, down by $1.06 (or 1.57%), at at $66.27 per barrel.
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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.