Oil prices extended losses on Thursday, after having fallen nearly 8 percent in the previous session on optimism over a potential U.S.-Iran peace deal.
Brent crude futures for July delivery were down 2.4 percent at $98.83 a barrel following positive indications from Iran and the U.S. regarding diplomatic efforts to ease tensions. WTI crude futures fell 2.7 percent to $92.54.
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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.