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Oil Prices Edge Higher on Revived Rate Cut Optimism
Ukrainian drone attacks damaged key Russian facilities, including a nuclear plant and fuel terminals, raising crude supply risk amid expectations of a U.S. Federal Reserve interest rate cut.
- On Monday, oil prices moved upward as renewed investor optimism emerged from expectations of a potential U.S. interest rate reduction, alongside escalating geopolitical conflicts.
- Federal Reserve Chair Jerome Powell suggested that the central bank may lower interest rates as soon as the September meeting in response to weak economic growth, despite ongoing concerns about inflation.
- Ukrainian drone attacks on key Russian energy infrastructure, including a nuclear power plant and the Ust-Luga fuel terminal, raised fears of supply disruptions that supported oil prices.
- Tony Sycamore of IG Markets noted that Ukraine’s effective attacks on key Russian oil facilities have raised concerns about potential interruptions in supply, thereby pushing the risk outlook for crude prices higher.
- The combination of expected Fed rate cuts and geopolitical risks improved market sentiment, but persistent uncertainties around the Ukraine conflict and sanctions remain.
12 Articles
12 Articles
Oil prices rose on Monday as traders weighed potential disruptions to Russian oil supplies in light of new US sanctions and Ukrainian attacks on Russian energy infrastructure, <a href="https://www.reuters.com/business/energy/oil-prices-edge-up-traders-mull-supply-risks-2025-08-25/" target="_blank" rel="noopener">Reuters</a> reported.
Oil prices rise on Ukraine strikes and U.S. rate cut hopes
Global oil prices saw a slight increase on Monday as geopolitical tensions escalated following intensified Ukrainian strikes on Russian energy infrastructure. At the same time, investor optimism grew on expectations that the U.S. Federal Reserve may cut interest rates next month, boosting prospects for global economic growth and fuel demand. In early trading, Brent crude futures were up 6 cents, or 0.09 percent, reaching $67.79 per barrel at 005…
Oil prices rose slightly in Asian trading today as escalating Ukrainian attacks on Russia raised concerns among investors about potential disruptions to Russian oil supplies, after expectations of a U.S. interest rate cut boosted the outlook for global growth and fuel demand.
The market was also supported by expectations that the US Federal Reserve will soon cut interest rates, which could support economic growth and demand for oil.
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