Reversing gains from the earlier in the session when it briefly hit above $100 a barrel, crude oil moved lower on Thursday as traders dissected yesterday's U.S. inventory data showing ample supply against production and supply disruption concerns arising due to the Middle Eastern war.
WTI Crude Oil for April delivery was last seen trading down by $0.18 (or 0.19%) at $96.14 per barrel.
For comments and feedback contact: editorial@rttnews.com
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.