Oil price today, 27 Azar; Brent decreased by 8 cents
According to Mehr News Agency to According to Reuters, oil prices fell in the first trading hours in Asia today. Investors are worried about weak demand in China and are waiting for the outcome of the US Federal Reserve meeting to provide more clues about the country’s monetary policies. The equivalent of 0.11 percent decrease reached 73 dollars 83 cents. West Texas Intermediate oil is traded with 14 cents equivalent to 0.20% decrease to $70 and 57 cents.
Oil price is 6% in It rose last week, but expectations of weak consumer spending data in China have weighed on oil prices despite an improvement in industrial production in the country. On the other hand, investors are waiting for the outcome of the US Federal Reserve meeting.
The US Federal Reserve will hold its last policy meeting this year on Tuesday and Wednesday, and US policymakers are expected to keep the interest rate at 0. reduce another 25%.
This summit will also determine the direction of the US monetary policies in 2025 and 2026. Will the central bank stop interest rate cuts due to high inflation in the Trump administration? Lowering the interest rate can boost the economic growth and increase the demand for oil.
