Bearish Sentiment Takes Hold in Oil Markets

Sentiment in oil markets is decidedly bearish as the year draws to a close, with the Federal Reserve making it clear that it will not be aggressively cutting interest rates any time soon.Slower and shallower were the two key takeaways for the Federal Reserve's 2025 rate policy outlook, with a suggested prolonged pause in rate-cutting next year adding insult to the oil market’s injury. China remains a bearish factor for oil with almost all 2025 outlooks trying to outcompete one another in terms of bearishness, all this leading to a dip in…