May 1, 2026 archive

Oil prices tumbled Friday

A move by Iran to offer a proposal on negotiations with the U.S. sent crude oil prices falling on Friday. The decline was nearly 3% for prices in the U.S. Still, oil prices managed a gain for the week. Brent crude finished down $2.23 or 2.02% at $108.17 after soaring earlier in the week to …

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