Oil prices rallied on Monday as OPEC+ agreed to further raise oil production from October and U.S. President Donald Trump signaled readiness for fresh sanctions on Russia, aligning with calls from Treasury Secretary Scott Bessent.
Benchmark Brent crude futures jumped 1.7 percent to $66.63 a barrel in European trade, while WTI crude futures were up 1.7 percent at $62.93.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.