Oil prices edge higher with focus on Middle East tensions, Fed rate cut By Investing.com
Update: 2025-10-29
Description
Oil prices remained stable as traders monitored Israel-Hamas clashes, threatening a U.S.-brokered ceasefire. Brent futures slightly increased, while WTI crude barely moved, reflecting market uncertainty. Despite renewed violence, U.S. officials reported the ceasefire held, easing immediate risk concerns. Meanwhile, falling U.S. fuel inventories had minimal impact on prices, as traders focused on the Federal Reserve's rate decision, expecting a quarter-point cut due to cooling inflation.
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