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