Brent crude began the month at $104.92/bbl, reaching a mid-month peak of $114.28/bbl caused by fuel supply uncertainties globally, then ending April at $108.54/bbl.

GBP depreciated sharply throughout April, beginning at $1.308 then consistently declining due to an uncertain economic outlook, before finishing the month at $1.255.

The Russo-Ukrainian conflict entered its third month, with a Western coalition considering an outright ban on Russian fuel as sanctions against the country tightened.