Back Dec 10, 2025

Oil steady as market watches Ukraine peace talks, Fed rate decision

SINGAPORE, Dec 10 (Reuters) - Oil prices held steady on Wednesday after falling about 1% in the previous session, as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates.

Brent crude futures were up 19 cents, or 0.3%, to $62.13 a barrel at 0645 GMT. U.S. West Texas Intermediate crude was at $58.44 a barrel, up 19 cents, or 0.3%.

"Oil markets are currently struggling for direction as far as we can see, with a minor lift from falling U.S. inventories as reported by API," said Suvro Sarkar, lead energy analyst at DBS Bank, referring to the American Petroleum Institution.


Source: Reuters

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