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Commodity News Details
Oil prices hold firm on renewed geopolitical tensions
08-Dec-2025 13:13
WTI crude oil futures traded slightly higher on Monday as markets positioned for a possible 25bps rate cut from the US Federal Reserve this week, a move that could stimulate economic activity and support fuel demand. The dollar index slipped below 99, extending its two-week decline and offering additional tailwinds to commodity prices. Investors are also tracking a packed global central-bank lineup, with Australia, Brazil, Canada, and Switzerland all expected to hold rates steady. Geopolitical tensions remain a firm support pillar, as US'Russia talks failed to make progress and continued Ukrainian strikes on Russian oil facilities tightened supply concerns. MCX crude oil futures for December delivery traded up 0.15% at ₹5435, reflecting steady bullish undertones ahead of the crucial Fed meeting.

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