Crude oil surged on Friday as fresh attacks on Kuwait by Iran renewed concerns of a prolonged gulf war, stoking production disruption worries and overshadowing the signs of de-escalation that surfaced after Israel assured it would not continue to hit Iran's energy infrastructures.
WTI Crude Oil for April delivery was last seen trading up by $1.68 (or 1.75%) at $97.82 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.