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Oil prices fluctuate in cautious sentiment on the eve of the Federal Reserve meeting
The PMI data on December 18th showed that oil prices were oscillating narrowly on Wednesday as investors remained cautious ahead of the Fed meeting. XM Senior Investment Analyst Charalampos Pissouros said investors may be more concerned about the likelihood of the Fed pausing rate cuts in January 1st, and the implications and clues of how many rate cuts decision-makers will consider for the whole year of 2025. UBS analyst Giovanni Staunovo said concerns about the trade war and the uncertainty about the strength of the Fed's rate cuts next year could limit the current upward momentum of oil prices. Phillip Nova, Senior Market Analyst Priyanka








