Oil prices fluctuate amid caution ahead of Fed meeting

Oil prices fluctuated in a narrow range on Wednesday as investors remained cautious ahead of the Federal Reserve meeting. Charalampos Pissouros, senior investment analyst at XM, said investors may be more focused on how likely it is that the Fed will pause its rate cuts in January, as well as hints and clues about how many times policymakers are considering cutting rates throughout 2025. Giovanni Staunovo, an analyst at UBS, said concerns about the trade war and uncertainty about how much the Fed will cut rates next year may limit the current upside for oil prices. Priyanka Sachdeva, senior market analyst at Phillip Nova, said the general belief in the market that Trump's policies could lead to inflation, coupled with concerns about possible interference with the Fed's autonomy, has led oil investors to remain cautious. (Jinshi)