Fed meeting and geopolitical risks

Oil prices stabilized as investors monitor geopolitical risks and expect the Federal Reserve to cut interest rates this week.

Brent crude fell 1% to $63.15 per barrel, while WTI crude fell 1.2% to $59.60 per barrel after closing on Friday at its highest level in more than two weeks.

A peace deal to end the war in Ukraine seems far-fetched for now, while continued attacks on Russian energy infrastructure raise the risk premium, according to market watchers.

Meanwhile, markets have an 87% chance that the U.S. central bank will cut interest rates by a quarter of a percentage point.

Lower interest rates typically support economic activity and demand for commodities.

A rate cut at this week's Fed meeting could boost energy demand.

Here we review the most important opportunities of the week in the weekly energy analysis