Oil Prices Wait on Fed Rate Cut Amid Sanction Rumors

Oil prices hold steady as traders brace for the Fed's interest rate decision, expected to be a quarter percent cut. Markets are on edge, balancing hopes for economic growth against inflation fears, while keeping a close eye on potential disruptions from Ukrainian drone attacks on Russian refineries and looming EU sanctions on countries aiding Russian oil trade. Will the Fed trigger further rate cuts, or will geopolitical tensions and sanctions throw the oil market into turmoil? Hosted on Acast. See acast.com/privacy for more information.