Crude oil prices have plunged on Friday as the prospects of an end to hostilities in the gulf appear brighter even as the Strait of Hormuz remains closed, continuing to disrupt crude oil supply.
WTI Crude Oil for June month delivery was last seen trading down by $3.28 (or 3.28%) at $101.79 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.