Crude oil prices rebounded on Friday as geopolitical tensions in the Middle East triggered concerns over supply of crude oil. Uncertainty over the presidential election in the U.S. and the impact of the same on crude oil supply from the U.S. also weighed on sentiment.
Brent Oil Futures for December settlement is currently trading at $74.89, having gained 0.69 percent from the previous close of $74.38. Prices had slipped 0.77 percent on Thursday and 1.42 percent on Wednesday.
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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.