Oil prices decline despite Fed rate cuts and tanker seizures
pre-market1 source ↓written by the desknot a recommendation
- trading just above
- $61 per barrel
- and aggressive tanker
- 3.50-3.75%
Oil prices have dipped to a two-month low, with ICE Brent trading just above $61 per barrel. This decline comes despite the US Federal Reserve's rate cut to 3.50-3.75% and aggressive tanker seizures by the Trump administration. Market sentiment remains cautious ahead of potential geopolitical developments and revised forecasts from the IEA regarding supply and demand.
Not investment advice. For informational purposes only.