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Oil Edges Lower Ahead of US Rate DecisionSingapore, 9 Dec 2025 (ONA) — Oil prices edged lower in early Asian trading today, extending losses of about 2% from the previous session, as investors remained cautious ahead of an imminent US interest rate decision. Brent crude futures fell $0.08, or 0.1%, to $62.41 a barrel, while US West Texas Intermediate (WTI) crude declined $0.13, or 0.2%, to $58.75 a barrel. Both benchmarks shed around 2% on Monday after Iraq resumed production from one of its major oil fields, which accounts for about 0.5% of global supply, raising concerns over increased output. Markets are now focused on the US Federal Reserve’s monetary policy decision due tomorrow (Wednesday), with expectations centered on a 25-basis-point interest rate cut, a move that could influence demand outlook and risk appetite across global markets.— Ends/Khalid
