After rising to its highest level since July 2022 Sunday evening as U.S. Energy Secretary Chris Wright said there were "no guarantees" that oil prices would fall in the coming weeks. The price of oil fell below the $105 mark Monday with the International Energy Agency saying that oil reserves from Member countries in Asia-Oceania will be made available immediately.
IEA also said that oil stocks from member states in the Americas and Europe will be made available starting from the end of March.
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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.