Oil Prices Steady Amid Fed Rate Pause and Ongoing Tariff Discussions

Muscat : Oil prices remained largely unchanged as signals of a stable U.S. labour market reinforced expectations that the Federal Reserve will maintain current interest rates. Meanwhile, markets remained cautious amid anticipation over potential tariff decisions by former U.S. President Donald Trump on various trading partners.

Brent crude futures edged up by 1 cent to $68.81 per barrel, marking a marginal 0.01% increase.
U.S. West Texas Intermediate (WTI) crude rose by 3 cents to $67.03 per barrel, a 0.04% gain.

Investor sentiment is currently balanced as the market awaits further direction on global trade policies and economic indicators.