Tuesday, November 04, 2025

Business News

Oil holds steady as U.S. Fed rate pause and tariff talks keep markets in check

Global oil prices saw marginal movement, buoyed by strong U.S. labour market data that reinforced expectations of steady interest rates from the Federal Reserve.

TAS News Service

info@thearabianstories.com

Friday, July 4, 2025

Muscat: Oil prices stabilized as the stability of the U.S. labour market strengthened the Federal Reserve’s position to keep interest rates unchanged, while investors await clarity on President Donald Trump’s plans for tariffs on various countries.

Brent crude futures rose 1 cent, or 0.01 percent, to $68.81 a barrel.

U.S. West Texas Intermediate crude rose 3 cents, or 0.04 percent, to $67.03.

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