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Global oil prices rose to a four-year high as prospects for U.S.-Iran talks remained deadlocked and U.S. oil inventories fell more than expected. On the morning of April 30, Brent crude climbed about 1.7% to above $120 a barrel, the highest level since mid-2022, according to data provider LSEG. In the previous session, Brent had risen about 6%.
U.S. crude WTI traded at $107.7 a barrel, the highest in three weeks. On April 29, WTI rose 7%.
The gains reflected strained expectations for peace talks between the United States and Iran, which has heightened concerns about the potential for disruption to Middle East supply over an extended period. Additional support for prices came from U.S. government data showing that crude and fuel inventories fell much more than expected last week.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…