US EditionOil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision
U.S. oil production forecast raised to 13.61 million barrels per day as markets weigh risks from Russian supply and await Federal Reserve rate decision.
- On Wednesday, oil prices steadied as investors monitored progress in Russia‑Ukraine peace talks and awaited a U.S. Federal Reserve interest-rate decision.
- A peace deal could remove sanctions on Russian companies, and Ukrainian President Volodymyr Zelenskiy said Ukraine and European partners will soon present refined peace plan documents to the U.S.
- Market sources citing the API reported U.S. crude inventories fell by 4.78 million last week while gasoline stocks rose by 7 million and distillate inventories swelled by 1.03 million.
- Markets were expecting the U.S. Federal Reserve to reduce its main interest rate by a quarter on Wednesday, and government inventory data due at 1530 GMT was shaping near-term moves for traders.
- If a peace deal removes sanctions, freed Russian supply could alter the oil market glut by increasing available output, ING analysts said.
14 Articles
14 Articles
Channel News Asia
Oil steadies ahead of Ukraine peace talks and Fed interest rate decision
LONDON, Dec 10 : Oil prices steadied on Wednesday as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates.After declines of about 1 per cent in the previous session, Brent crude was up 7 cents, or 0.1 per cent, at $62.01 a barrel by 1039 GMT while U.S. We
Crude Oil: Oil prices suffered their biggest two-day drop in over a month as concerns about global oversupply persisted. Oil prices held steady on Wednesday after falling nearly 1% in the previous session.
Times of India
Oil steady as supply concerns cap gains, market eyes Ukraine peace talks
Oil prices are holding steady. Concerns about supply exceeding demand are limiting price increases. Investors are watching Ukraine peace talks closely. A peace deal could lift sanctions on Russian oil. U.S. oil production is expected to reach a new record this year. However, output is forecast to slightly decrease in 2026.
Oil drops amid supply concerns
Brent crude futures settled down 55 cents, or 0.88%, at $61.94 a barrel Oil prices edged lower on Tuesday after dropping 2% in the previous session, with investors keeping a close eye on peace talks to end Russia-Ukraine war, concerns about ample supply and a looming decision on U.S. interest rates. Brent crude futures settled down 55 cents, or 0.88%, at $61.94 a barrel. U.S. West Texas Intermediate crude declined 63 cents, or 1.07%, to $58.25 a…
Oil prices stabilize amid supply concerns and Ukraine peace talks
Oil prices remained largely unchanged on Wednesday after dropping nearly 1% in the previous session, as market participants weighed the balance between supply and demand while monitoring developments in the Russia-Ukraine peace negotiations. Brent crude was trading at $62.05 per barrel, up 11 cents or 0.2%, while U.S. West Texas Intermediate (WTI) crude rose 13 cents, or 0.2%, to $58.38 per barrel. Analysts at ING noted that although the global …
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