According to Jinshi Data, oil prices fluctuated narrowly on Wednesday, as investors remained cautious ahead of the Federal Reserve meeting. A senior investment analyst at XM stated that investors are focusing on the possibility of the Federal Reserve pausing interest rate cuts in January and hints about the number of cuts in 2025.
UBS analysts pointed out that concerns about the trade war and uncertainty about the Federal Reserve's interest rate cuts next year may limit the upside potential for oil prices. Phillip Nova analysts believe that market worries about Trump’s policies potentially leading to inflation and interfering with the Federal Reserve's autonomy keep oil investors cautious.
