Overview

• Brent slipped 0.19% to $67.82 a barrel and WTI fell 0.28% to $63.87 in early Thursday trade.
• The Federal Reserve cut rates by 25 basis points and signaled further reductions this year, a move traders viewed as already discounted for oil demand.
• US EIA data showed a sharp crude draw driven by record‑low net imports and near two‑year‑high exports, while distillate stocks rose by 4 million barrels, pressuring prices.
• Reuters reported, citing industry sources, that Russia’s Transneft warned producers they may need to curb output after Ukrainian drone attacks on export infrastructure.
• Australia lowered the effective cap on Russian crude to $47.60 a barrel and added targeted sanctions on 95 shadow‑fleet vessels in coordination with partners, while keeping its import ban in place.