Oil prices fell over 1 percent on Friday and were on course for a third weekly decline due to mounting concerns over a significant supply glut in the oil market and ongoing U.S.-China tensions.
Benchmark Brent crude futures were down 1.4 percent at $60.19 a barrel in European trade, while WTI crude futures fell 1.3 percent to $56.69.
For comments and feedback contact: editorial@rttnews.com
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.