Oil prices fluctuate amid caution ahead of Fed meeting

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ODAILY
2 days ago
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Odaily Odaily News: Oil prices fluctuated narrowly on Wednesday as investors remained cautious ahead of the Federal Reserve meeting. XM senior investment analyst Charalampos Pissouros said investors may be more concerned about how likely it is that the Federal Reserve will suspend rate cuts in January, as well as hints and clues about how many times policymakers are considering cutting rates throughout 2025. UBS analyst Giovanni Staunovo said concerns about the trade war and uncertainty about the extent of the Fed's rate cuts next year may limit the current upside for oil prices. Priyanka Sachdeva, senior market analyst at Phillip Nova, said the market generally believes that Trump's policies may lead to inflation, coupled with concerns about possible interference with the Federal Reserve's autonomy, has caused oil investors to remain cautious. (Golden Ten)

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