Commodities wrap: crude edges up post Fed rate cut; bullion, base metals in the red

[https://invezz.com/wp-content/uploads/2025/09/Commodities-illustration.png] Oil prices edged up on Thursday as traders anticipated greater demand after the US Federal Reserve cut interest rates on Wednesday. Elsewhere gold prices eased from their record highs due to a stronger dollar. A stronger dollar makes commodities priced in the greenback more expensive for overseas buyers. Silver and copper prices were also down, following the interest rate decision by the US central bank. OIL PRICES RISE On Thursday, oil prices saw a modest increase. This came as traders considered the Fed’s decision to cut interest rates, marking the beginning of a more relaxed monetary policy, alongside ongoing worries about the health of the US economy. On Wednesday, the Fed reduced its policy rate by 0.25%, signaling further cuts throughout the year. This decision comes in response to indications of a weakening job market. Reduced borrowing expenses tend to stimulate oil demand, leading to higher prices. Following the recent US interest rate cut, Kuwait’s oil minister Tariq Al-Roumi expects an increase in oil demand, especially from Asian markets. Fed Chair Jerome Powell indicated that while inflation risks require…