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Indonesia News Portal for Traders | Financial & Business Updates

8 December 2025 09:01  |

Fed Rate Cut Expectations Could Boost Oil Prices!

Fundamentally, oil prices are still trading at two-week highs today, with Brent at around US$63–64 per barrel and WTI around US$60 per barrel. This increase is supported by expectations of a Fed rate cut this week, which, if realized, could boost economic growth and future energy demand.

These rate cut expectations have weakened the US dollar and are usually a supportive factor for dollar-priced commodities, including oil. At the same time, the market is closely monitoring US economic data, which is starting to slow, as a too-deep slowdown could actually depress fuel consumption.

The oil price at the time of this analysis is $63.74

 

- Buy if the price moves within the $63.79 range

- Sell if the price moves within the $63.69 range

 

Resistance 2: $63.86

Resistance 1: $63.80

 

Support 1: $63.66

Support 2: $63.56

 

Disclaimer: This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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