{"id":27533,"date":"2025-07-29T07:30:44","date_gmt":"2025-07-29T07:30:44","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=27533"},"modified":"2025-07-29T07:30:44","modified_gmt":"2025-07-29T07:30:44","slug":"oil-slips-as-fed-meeting-looms","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/oil-slips-as-fed-meeting-looms\/","title":{"rendered":"Oil Slips as Fed Meeting Looms"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Oil2-1024x573.webp\" alt=\"\" class=\"wp-image-41757\"\/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>WTI crude dipped 0.2% to $66.60, while Brent edged 0.1% lower to $69.98 after Monday\u2019s 2% surge.<\/li>\n\n\n\n<li>Market awaits Fed rate guidance and clarity on US-EU energy investment targets.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Oil prices lost momentum on Tuesday following a sharp rally in the previous session, as the market digested the broader implications of the new U.S.-EU trade agreement and looked ahead to a pivotal Federal Reserve meeting. West Texas Intermediate (WTI) fell by 0.2% to $66.60 per barrel, while Brent crude eased 0.1% to $69.98.<\/p>\n\n\n\n<p>The pullback came after both benchmarks climbed more than 2% on Monday, with Brent touching its highest level since July 18. However, enthusiasm began to wane as traders assessed the true weight of the trade deal. While the agreement avoided a full-blown trade war, its details introduced fresh ambiguity.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A contentious book argues that endless oil revenue and a sovereign wealth fund are making Norway increasingly bloated, unproductive and unhealthy  <a href=\"https:\/\/t.co\/LJBSDS2NRR\">https:\/\/t.co\/LJBSDS2NRR<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1950053713051054256?ref_src=twsrc%5Etfw\">July 29, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>One core component of the deal is the <a href=\"https:\/\/t.co\/52nKqfEvDR\" target=\"_blank\" rel=\"noopener\" title=\"\">EU\u2019s pledge to purchase $750 billion<\/a> in U.S. energy over President Trump\u2019s second term.<\/p>\n\n\n\n<p>Analysts have cast doubt on whether this figure is realistic. At the same time, European firms are expected to invest $600 billion into the U.S. economy\u2014another ambitious target without a defined timeline.<\/p>\n\n\n\n<p>The near-term bias remains tilted to the upside, the market is vulnerable to sharp moves triggered by unexpected central bank commentary or renewed trade tensions. The <a href=\"https:\/\/t.co\/k5Fk3PH2L2\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Open Market Committee<\/a> meets July 29\u201330, and while rates are likely to stay on hold, the tone of the statement could tilt dovish if inflation trends continue cooling.<\/p>\n\n\n\n<p>Talks between U.S. and Chinese officials in Stockholm also remain in focus. Monday\u2019s five-hour meeting showed a willingness to extend the current truce, though the outcome remains uncertain.<\/p>\n\n\n\n<p><a href=\"https:\/\/t.co\/e8QdYg6VVs\" target=\"_blank\" rel=\"noopener\" title=\"\">President Trump\u2019s warning to Russia<\/a> about a 10\u201312 day deadline to act on Ukraine tensions adds another layer of geopolitical risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Crude oil (WTI) surged to a session high of $67.123 on the 29th before retreating below the 5- and 10-period moving averages. The price action shows a clear uptrend from the low of $64.979, but the rally appears to be losing steam as the MACD crosses lower and the histogram shifts into negative territory.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/1_image-30.jpg\" alt=\"\" class=\"wp-image-27534\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Crude oil retreats after failing to hold $67 breakout, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The failure to hold above the $67 handle suggests a weakening of bullish momentum. This aligns with broader sentiment after recent API data hinted at a potential build in US crude inventories and ongoing concerns about Chinese demand weighed on energy markets. If the price holds above $66.40, a rebound remains possible. A break below may expose the $65.60 zone as the next downside target.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>WTI remains supported above $66.50, but without a clear catalyst, the path higher could stall near $67.20. Should Fed commentary surprise markets or trade talks falter, crude may retrace toward the $66.00 level. Volatility is expected to increase around the FOMC outcome.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI retreats from recent highs despite easing trade tensions, as traders turn cautious ahead of the Fed decision and unclear EU energy targets. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":41757,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[66],"class_list":["post-27533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-oil"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/27533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=27533"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/27533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/41757"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=27533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=27533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=27533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}