After four consecutive sessions of gains, crude oil slumped on Friday as the prospects of a peace deal between U.S. and Iran gather steam, lowering Middle East tensions.
WTI Crude Oil for June month delivery was last seen trading down by $1.68 (or 1.75%) at $94.17 per barrel.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.