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Oil Steadies After Jumping On Trump’s Hawkish Russia Rhetoric

Brent traded above $69 a barrel after gaining 2.5% on Wednesday, while West Texas Intermediate was near $65.

Bloomberg News

Oil futures have been stuck in a narrow range since early August as traders balance a bearish fundamental outlook against escalating geopolitical tensions.(Image: Bloomberg)

Oil steadied following its biggest jump since July, after US President Donald Trump’s increasingly hawkish rhetoric on Russia raised geopolitical risk.  

Also Read: Oil Extends Gain On Rising Risks To Russian Crude, Diesel Supply

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RBI MPC October Meeting: Citi Sees 'Dovish Tilt', Repo Rate Cut Possible

  • chevron-double-right The RBI’s Monetary Policy Committee will meet from Sept 29 to Oct 1
  • chevron-double-right Citi expects a dovish tilt with a possible interest rate cut in the upcoming MPC meeting
  • chevron-double-right Retail inflation rose slightly to 2.07% in August but stayed within RBI’s comfort zone
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