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Top Oil Price News
Federal Reserve · WashingtonThe Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
52% Center coverage: 408 sources
Jim Chalmers · AustraliaAustralia will spend A$1.1 billion ($735 million) over a decade to assist growth in a local sustainable fuel sector, an announcement likely to be welcomed by the grains industry, which has been seeking a boost from Canberra for years.See the Story
Australia promises US$735mil to develop biofuel industry
42% Center coverage: 26 sources
War · RussiaUkrainian drones have attacked the Gazprom Neftekhim Salavat oil complex in Russia's Bashkortostan region, signaling intensified tension as Ukraine targets Russian oil and gas infrastructure. Regional head Radiy Khabirov reported no casualties and indicated that emergency services were handling the situation. The attack follows a previous incident in May 2024.See the Story
Tensions Soar as Ukrainian Drones Hit Russian Oil Complex
49% Center coverage: 8 sources
