Oil prices held steady on Thursday after the U.S. Federal Reserve cut its benchmark interest rate as expected and signaled more reductions later this year. Brent crude slipped 0.12% to $67.87 a barrel, while U.S. West Texas Intermediate (WTI) fell 0.16% to $63.95.
The Fed lowered its policy rate by a quarter percentage point on Wednesday, highlighting concerns over a weakening labor market. Analysts suggest cheaper borrowing costs could stimulate economic activity, lifting oil demand. According to Rystad Energy’s chief economist Claudio Galimberti, Brent may see support from further Fed cuts despite bearish pressure from OPEC+ increasing supply.
On the supply side, U.S. Energy Information Administration (EIA) data showed crude inventories dropped sharply last week, with net imports at record lows and exports hitting a two-year high. However, distillate stocks rose by 4 million barrels—far exceeding the expected 1 million increase—raising concerns about demand in the world’s largest oil consumer.
Global oil demand averaged 104.4 million barrels per day through September 17, according to JP Morgan, marking a year-on-year rise of 0.52 million barrels. Year-to-date demand growth stands at 0.8 million barrels, nearly in line with the bank’s forecast of 0.83 million. The bank noted easing flight activity in the U.S. and China after the peak travel season, offset by growing demand in Europe, the Middle East, and Latin America.
Overall, while OPEC+ supply growth may pressure prices, the Fed’s accommodative policy stance and resilient global demand suggest underlying support for oil markets in the months ahead.


South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 



