Oil prices stabilized in early trading on Wednesday after rising more than 1 percent in the previous session, driven by reports of drone attacks targeting Russian ports and refineries. Investors are awaiting the U.S. Federal Reserve’s decision on interest rates.
Brent crude futures fell by one cent to $68.46 per barrel, while West Texas Intermediate (WTI) futures dropped by the same amount to $64.51 per barrel.
The U.S. central bank is widely expected to reduce interest rates by 25 basis points later today, a move that could help stimulate economic activity and boost energy demand.
