Oil prices are under pressure as the year draws to a close, with demand concerns and the Fed's latest meeting both adding to bearish sentiment.
Sentiment in oil markets is decidedly bearish as the year draws to a close, with the Fed eral Reserve making it clear that it will not be aggressively cutting interest rates any time soon.Slower and shallower were the two key takeaways for the Fed eral Reserve's 2025 rate policy outlook, with a suggested prolonged pause in rate-cutting next year adding insult to the oil market's injury.
Drilling, the upstream unit of the UAE's state oil firm , has formed Turnwell Industries, a joint venture with oilfield service majors SLB NYSESLB and Patterson-UTI NASDAQPTEN, seeking to tap into the country's 220 billion barrels of unconventional oil.Trump Threatens Europe to Buy More US Oil. US President-elect Donald Trump said that the EU could face tariffs if the regional bloc does not shrink its widening trade deficit with the United States by purchasing more US oil and gas, extending the tariff threat beyond China, Canada and Mexico.
Bear Fed Demand Supply Crude Oil Oil Markets
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