Oil futures traded lower on Tuesday, building on the previous session’s losses, as investors focus on economic worries and awaited this week’s Federal Reserve policy decision.
Price action
Market drivers
Crude oil prices began the week and May on a down note on Monday, losing ground after disappointing data on factory activity in China, suggesting demand may not be as robust as expected. Investors were also awaiting a decision by the Federal Reserve on Wednesday, which is expected to deliver another quarter…
