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Commodity Prices News 17 October 2025

Oil Prices Plunge to 5-Month Low as Trump-Putin Summit Looms & India’s Russian Oil U-Turn Rattles Markets

Oil Prices Plunge to 5-Month Low as Trump-Putin Summit Looms & India’s Russian Oil U-Turn Rattles Markets

Oil Slumps on Peace Talk Signals and Supply Surge Oil prices tumbled to five-month lows this week, capping a third straight weekly decline. Benchmark Brent crude is hovering near $60 per barrel, down about 3% for the week, while U.S. WTI fell toward $57 Reuters. Both indices are at their weakest levels since early May Reuters. The selloff accelerated after…
17 October 2025
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Stock Market Today

  • Bitcoin and Ethereum Face Volatility Ahead of Federal Reserve Rate Decision
    January 28, 2026, 9:28 AM EST. Bitcoin trades near $89,842 and Ethereum surpasses $3,000 as investors await Wednesday's Federal Reserve meeting. Markets price a 97% chance that the Fed will keep interest rates steady at 3.5%-3.75%. Focus shifts to Fed Chair Jerome Powell's comments on the 4.4% unemployment rate. Analysts warn of a 'narrative whipsaw' - unpredictable reactions to Fed guidance. A hawkish stance could remove expectations for rate cuts, pressuring crypto prices. Conversely, a dovish tone may boost expectations for rate reductions by midyear, encouraging crypto gains. Traders remain vigilant as labor market signals and Fed rhetoric will influence near-term cryptocurrency trends.
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