Crude Oil Prices Little Changed Amid Potential U.S. Interest Rate Cut, Impacts of Ukraine Attacks
BY MT Newswires | ECONOMIC | 09/16/25 04:58 AM EDT04:58 AM EDT, 09/16/2025 (MT Newswires) -- Crude oil prices were little changed on Tuesday as markets contemplated a potential U.S. Federal Reserve interest rate cut, which could boost oil demand, and the supply impacts of Ukrainian attacks on Russian energy infrastructure.
Brent crude at last look was at US$67.34/barrel and West Texas Intermediate crude was at US$63.16/b. The Fed is set to hold a meeting on Tuesday and Wednesday, during which it is expected to cut interest rates, Reuters said in a Tuesday report.
Ukrainian attacks are estimated to have removed about 300,000 barrels per day of Russian refining capacity in August and so far this month, Reuters reported, citing Goldman Sachs.
"While the uncertainty around secondary tariffs and additional sanctions remains high, we assume only modestly lower Russian production as Asian buyers continue to signal willingness to import Russian crude," Reuters quoted Goldman Sachs as saying.
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