Oil Prices Steady Amid Ukraine Talks, Fed Rate Hopes
Update: 2025-11-27
Description
Oil prices held steady today, with Brent crude futures up five cents and WTI crude gaining sixteen cents, as traders weighed ongoing Ukraine conflict talks and Western sanctions on Russian oil. Despite U.S. envoy Steve Witkoffs planned Moscow visit, a senior Russian diplomat indicated no significant concessions. Analysts at Barclays noted balanced hopes for a ceasefire and concerns over supply disruptions. Expectations of a U.S. Federal Reserve interest rate cut in December supported prices, with WTI crude likely to stay between fifty-six dollars and eighty cents and sixty dollars and forty cents until year-end. Thinner trading volumes and a potential Fed stance at its December tenth meeting may keep oil prices within their current range.
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