Oil prices fluctuate in cautious sentiment on the eve of the Federal Reserve meeting

On December 18th, Jinshi data reported that oil prices oscillated narrowly on Wednesday as investors remained cautious ahead of the Fed meeting. XM’s senior investment analyst Charalampos Pissouros said that investors may be more concerned about the possibility of the Fed pausing rate cuts in January, as well as hints and clues about how many times policymakers will consider cutting rates in 2025. UBS analyst Giovanni Staunovo said that concerns about the trade war and uncertainty about the extent of the Fed’s rate cuts next year may limit the current upside potential of oil prices. Phillip Nova’s senior market analyst Priyanka Sachdeva said that the market generally believes that Trump’s policies may lead to inflation, coupled with concerns about possible intervention in the Fed’s autonomy, leading oil investors to remain cautious.