World oil prices rose after the Fed meeting.

World crude oil prices rose on December 10th following the US Federal Reserve's decision to cut interest rates and news of an oil tanker being seized off the coast of Venezuela.

Refueling vehicles at a gas station in Seoul, South Korea. Photo: THX/VNA

At the close of trading, North Sea Brent crude futures rose 27 cents, or 0.4%, to $62.21 a barrel, while West Texas Intermediate (WTI) crude futures gained 21 cents, or 0.4%, to close at $58.46 a barrel.

One factor influencing oil prices in this session was the Fed's decision to lower interest rates by 0.25 percentage points. This move could help boost oil demand by supporting economic growth.

Fed Chairman Jerome Powell did not say whether there would be another interest rate cut in the near future, but affirmed that the Fed is well-positioned to respond to upcoming economic developments.

In addition, two U.S. officials said an oil tanker was seized in waters off Venezuela, but did not name the ship or specify the location of the incident.

According to Rory Johnston, founder of the commodity market newsletter Commodity Context, the arrest further fueled concerns about immediate supply, at a time when the market was worried about oil shipments from Venezuela, Iran, and Russia.

Ed Hayden-Briffett, an oil and gas analyst at Onyx Capital Group, believes that oil prices could react more strongly if there are more similar actions following this arrest.

Source: https://baotintuc.vn/thi-truong-tien-te/gia-dau-the-gioi-di-len-sau-cuoc-hop-cua-fed-20251211072418943.htm