Crude oil fell sharply on Friday, as following the highly anticipated interest rate cut by the US Federal Reserve on Wednesday, traders dissected the Fed's message hinting at underlying risks to the economy, stoking demand concerns.
WTI Crude Oil for October delivery was last seen trading down by $0.91 (or 1.43%) at $62.66 per barrel.
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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.