Crude oil catapulted on Thursday, extending gains from the past two sessions, as the U.S. takes up the "sanctions route" against Russia.
WTI Crude Oil for December delivery was last seen trading up by $3.22 (or 5.50%) at $61.72 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.