Paring the gains made earlier, crude oil slid later in the session but rebounded on Wednesday as investors analyzed Iraq's resumption of production. Profit-booking by traders to monetize from yesterday's surge limited the upswing.
WTI Crude Oil for April delivery was last seen trading down by $0.18(or 0.19%) at $96.39 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.