• Home
  • Oil Prices Dip As Recession Fears Resurface
Oil prices dipped on April 19th, as the market assessed the latest hints from the Fed that one more rate hike could be coming in early May. Fed officials suggested that the new rate hike could be needed to offset bullish economic data from China, which recorded a higher-than-expected GDP growth in the first quarter of 2023. The potential move fuels concerns about a material economic slowdown that could further weigh on oil demand.

Oil Prices Dip As Recession Fears Resurface

Oil prices dipped on April 19th, as the market assessed the latest hints from the Fed that one more rate hike could be coming in early May. Fed officials suggested that the new rate hike could be needed to offset bullish economic data from China, which recorded a higher-than-expected GDP growth in the first quarter of 2023. The potential move fuels concerns about a material economic slowdown that could further weigh on oil demand.

Issue:
Country:
Subscribe to Receive Latest Updates from GIF.