Oil's Balancing Act: Fed Rate Cut, Demand Worries

Oil prices flatlined despite a Fed rate cut meant to boost demand, as rising U.S. distillate stockpiles and a stronger dollar countered the usual upward pressure. Concerns over a weakening job market and low housing construction added to the demand worries. Meanwhile, Russia's move to shield its budget and Trump's preference for low prices over sanctions calmed supply disruption fears, leaving the oil market in a delicate balance. Hosted on Acast. See acast.com/privacy for more information.