With no progress in sight in easing tensions in the Middle East crisis, and the Strait of Hormuz continues to remain blocked, oil prices again crossed the $100 mark, rising for the fourth consecutive session.
Brent crude is inching towards $104 per barrel on Thursday, increasing by 1.87 percent, while the US-traded WTI rose above $94.
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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.