Crude oil crept slightly higher on Tuesday as reports of excess supply flooding the market in the coming months against forecasts of weakening oil demand have increased traders' concerns.
WTI Crude Oil for November delivery was last seen trading up by $0.02 (or 0.03%) at $61.71 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.