Oil futures on Thursday posted their first loss in three sessions. Saudi Arabia has suggested that OPEC could decide to cut production if an Iranian nuclear deal is reached, as an agreement would lift Western sanctions and ultimately see additional oil barrels come onto the global market, said Tyler Richey, co-editor at Sevens Report Research. However, “from a fundamental standpoint, any production cuts would be aimed at offsetting the return of Iranian barrels to the global market-and not a material new bullish catalyst,” he said. October WTI crude CLV22,
USDJPY forecast: the pair declines amid rising inflation in Japan
The USDJPY rate plunged below 150.00 amid the release of Japan’s stronger-than-expected inflation statistics for January. Discover more in our analysis for 21 February 2025.
