Oil prices eased Friday after briefly surging to about $119 per barrel the previous day following Israeli Prime Minister Benjamin Netanyahu's assurance that his forces will not carry out any more attacks on key Iranian energy infrastructure, conforming to President Donald Trump's call.
A couple of other factors also reportedly helped ease the prices.
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Political News
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.