Oil Prices Decline as U.S. Federal Reserve Rate Decision Looms

  • International
  • 17 September 2025
1

Oil prices fell on Wednesday, after gaining more than 1 percent in the previous session, driven by drone attacks targeting Russian ports and oil refineries, while traders await a potential interest rate cut announcement by the U.S. Federal Reserve.

Brent crude futures fell 0.1 percent to $68.35 a barrel, while U.S. West Texas Intermediate crude futures slipped 0.1 percent to $64.43 a barrel.

It is widely expected that the U.S. Federal Reserve will cut interest rates by 25 basis points, a move likely to stimulate the economy and boost fuel demand.

Source (CNBC Arabia Website, Edited)

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