Crude Oil Prices Hold Steady After U.S. Fed Cuts Interest Rates as Expected
BY MT Newswires | ECONOMIC | 09/18/25 05:00 AM EDT05:00 AM EDT, 09/18/2025 (MT Newswires) -- Crude oil prices held steady on Thursday after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point in response to weakness in the jobs market.
Brent crude at last look was at US$67.96/barrel and West Texas Intermediate crude was at US$64.08/b. The Fed also indicated it will further reduce borrowing costs over the remainder of 2025.
Lower borrowing costs are expected to boost oil demand, but the Fed's move has already been priced in, and Powell's downbeat message was what caught markets' attention, Reuters said in a Thursday report, citing analysts.
"[Fed Chair Jerome Powell] stressed weakening job markets and inflation that remains sticky, making the cut look more like risk-management than a demand booster," Reuters quoted Priyanka Sachdeva, senior market analyst at Phillip Nova, as saying.
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