Crude oil prices have come under pressure over the course of the trading day on Thursday, giving back ground after surging overnight.
After spiking by as much as 3.8 percent to a four-year high of nearly $111 a barrel, crude for June delivery was last seen trading at $104.48 a barrel, down $2.40 or 2.3 percent.
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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.