Amid disappointing economic signals from the US Federal Reserve, oil prices fell

In Asian trading on Thursday, oil prices fell due to several factors, including weak economic signals from the US Federal Reserve and expectations that OPEC+ will not change its production volumes next month despite falling prices. While the Fed has raised interest rates, it has also cut its full-year GDP forecast, raising concerns about a slowdown in economic growth this year. The recent collapse of several US and European banks has also exacerbated concerns on this issue. Some traders are disappointed that OPEC+ is not cutting oil supplies fast enough to drive up prices. However, some signals from the US indicate some resilience in demand for oil, which has had a positive effect on prices. In addition, the dollar's decline has made commodities cheaper for international buyers.