Oil Prices Reach Two-Week High on Expectations of US Rate Cut

By News Desk on December 8, 2025

Singapore: Oil prices today climbed to their highest level in two weeks, driven by investor expectations of an imminent US interest rate cut that could support economic growth and boost global energy demand.

Markets also remain on edge over geopolitical risks that threaten crude supplies from Russia and Venezuela. Brent crude futures edged up 4 cents, or 0.06%, to $63.79 per barrel, while US West Texas Intermediate (WTI) crude rose 7 cents, or 0.12%, to $60.15 per barrel. Both benchmarks settled on Friday at their strongest levels since 18 November 2025.

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