Crude oil traded lower on Friday amid expectations of a positive outcome from the meeting between the presidents of the US and Russia today. The possibility of further talks remains unclear at this point.
WTI Crude Oil for September delivery was last seen down by $1.20 (or 1.88%) at $62.76 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.