- Oil edges higher after Fed signals possible rate cut
- WTI prompt-month futures gained $0.41 to $64.07/Bbl Monday morning (7:51 AM CT)
- In his keynote speech on Friday, Fed Chair Jerome Powell suggested the central bank could move to cut interest rates as soon as its September meeting, a shift aimed at supporting growth
- Still, some analysts cautioned that weaker economic performance isn’t a straightforward positive for crude. Edward Bell, head of research at Emirates NBD, said the underlying anxiety about growth is “not necessarily a long-term bullish signal for oil demand”
- Trump threatens fresh sanctions over Ukraine conflict (Bloomberg)
- President Trump warned Russia of “massive sanctions” unless progress is made on ending the Ukraine war within the next two weeks
- He outlined a range of options under consideration, saying the U.S. could impose sanctions, tariffs, both, or alternatively step back entirely, telling Ukraine “it’s your fight”
 |
|||
|
|
|||
|
|
|||
 |
|||
|
