10 Aug 2026

07:48

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Home Blog Oil Sinks Despite Rate Cuts and Tanker Seizures

Oil Sinks Despite Rate Cuts and Tanker Seizures

codarx

codarx

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Update date: 2025/12/12

Oil sentiment has turned sour despite a Fed rate cut and the Trump administration’s aggressive tanker seizures. Friday, December 12, 2025 The US Federal Reserve has lowered the federal funds rate to 3.50-3.75%, the Trump administration has seized a Venezuelan VLCC and promised to take over more, yet the sentiment in the markets has soured this week, with ICE Brent trading slightly above $61 per barrel. It remains to be seen whether it’s trepidation before a potential Russia-Ukraine peace deal or another seasonal bout of depression induced…

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