Rate Cuts Leave Oil Markets in Holiday Limbo ...Middle East

The energy sector selloff has intensified after the Federal Reserve delivered a harsh reality check last week, dashing hopes for a deep cut in interest rates. Last Wednesday, the central bank delivered a 25 basis point rate cut, as widely expected, but warned about higher inflation and fewer rate cuts in 2025. Fed Chair Jerome Powell went on to cite inflation as one of the primary reasons for forecasting a slower pace of interest rate cuts. Oil and gas stocks have collectively declined nearly 15% over the past month as energy markets struggle…

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