Both the crude oil price benchmarks surged on Monday amidst conflicting reports of missile attacks on a U.S. warship. The reports come amidst renewed efforts to restore shipping traffic through the Strait of Hormuz.
Brent Oil Futures for July settlement are currently trading at $111.77, having gained 3.33 percent from the previous close of $108.17. The day's trading ranged between $105.66 and $114.29. The 52-week trading ranged between $58.5 and $126.41.
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.