Crude oil gained modestly on Friday, aided by weakness in the U.S. dollar along with the vigorous U.S. push to encourage conventional energy instead of renewable energy despite reports of crude oil oversupply and low demand.
WTI Crude Oil for December delivery was last seen trading up by $0.38 (or 0.64%) at $59.81 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.