Oil Prices Hover Near Two-Week Highs as Fed Rate Cut Bets Collide With Ukraine War Uncertainty
December 8, 2025 Oil prices are holding close to two-week highs on Monday as traders balance growing confidence in a U.S. Federal Reserve interest rate cut with stubborn geopolitical risks around the Ukraine war and Russian supply. Brent crude is trading just under $64 a barrel and U.S. West Texas Intermediate (WTI) around $60, extending gains from late last week…