Oil eases from highest in weeks, investors hope for Fed rate cuts

Q: How long will it take to read this news story?

The story "Oil eases from highest in weeks, investors hope for Fed rate cuts" has 364 words across 14 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Oil eases from highest in weeks, investors hope for Fed rate cuts" was covered 10 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 242 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24424850</li><li>URL: https://beamstart.com/news/oil-eases-from-highest-in-17343203187476</li></ul>

Business Standard Logo Business Standard 10h ago

Oil eases from highest in weeks, investors hope for Fed rate cuts - Business Standard

Quick Summary:

The incoming Trump administration is expected to ramp up pressure on Iran.

Falls were limited however by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran.

The Fed is expected to cut interest rates by a quarter of a percentage point at its Dec.17-18 meeting which will also provide an updated look at how much further Fed officials think they will reduce rates in 2025 and perhaps into 2026.