WTI crude remains steady near $70.00 as investors tread cautiously ahead of the Federal Reserve’s interest rate decision. The uncertainty over monetary policy has kept energy markets subdued, with traders weighing the impact of potential higher rates on global demand.
Markets have been sensitive to economic cues, as tighter monetary policy could slow growth and energy consumption. At the same time, WTI’s narrow range reflects optimism that supply disruptions and ongoing production cuts from major oil producers may offset demand fears.
Analysts suggest that any hawkish signals from the Fed could put downward pressure on oil prices, while a dovish stance could lift energy markets. For now, WTI remains anchored, with traders focused on the central bank’s tone and its long-term implications for economic activity.
