{"id":3674,"date":"2023-05-03T11:34:11","date_gmt":"2023-05-03T15:34:11","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/oil-prices-drop-to-lowest-since-late-march-as-traders-fret-over-the-economic-outlook\/"},"modified":"2023-05-03T11:34:12","modified_gmt":"2023-05-03T15:34:12","slug":"oil-prices-drop-to-lowest-since-late-march-as-traders-fret-over-the-economic-outlook","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3674","title":{"rendered":"Oil prices drop to lowest since late March as traders fret over the economic outlook"},"content":{"rendered":"
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Oil futures fell sharply on Tuesday to mark their lowest settlement in more than five weeks, as investors focused on economic worries and awaited Wednesday\u2019s Federal Reserve policy decision. <\/p>\n

Price action<\/h6>\n
Market drivers<\/h6>\n

\u201cRecession fear is like a hurricane that destroys everything along its path \u2014 oil included,\u201d said Manish Raj, managing director at Velandera Energy Partners. \u201cIt does not matter that fundamentals for oil are now stronger than ever, with rising demand and falling supply in the foreseeable future.\u201d<\/p>\n

…\n <\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil futures fell sharply on Tuesday to mark their lowest settlement in more than five weeks, as investors focused on economic worries and awaited Wednesday\u2019s Federal Reserve policy decision. Price action Market drivers \u201cRecession fear is like a hurricane that destroys everything along its path \u2014 oil included,\u201d said Manish Raj, managing director at Velandera […]<\/p>\n","protected":false},"author":1,"featured_media":3675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-3674","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nOil prices drop to lowest since late March as traders fret over the economic outlook | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Oil futures fell sharply on Tuesday to mark their lowest settlement in more than five weeks, as investors focused on economic worries and awaited\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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