Slower US rate cuts weigh on crude, dampening demand growth outlook - London Business News | Londonlovesbusiness.com
Briefly

The U.S. Federal Reserve's decision to slow interest rate cuts in 2025 has generated concerns about economic slowdown and diminished fuel demand, impacting crude oil prices.
Despite a decrease of 934,000 barrels in U.S. crude stocks, the overall performance of oil demand remains below projections, which increases the risk of market surplus.
Market sentiment is cautious, with skepticism about the potential for significant demand growth adding to worries over an unfavorable demand-supply balance.
The Fed's inflation concerns and reduced pace of rate cuts have created a challenging environment for upward momentum in global crude prices.
Read at London Business News | Londonlovesbusiness.com
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