Oil prices ended higher on Tuesday to log their first gain in three sessions. “Risks to energy supplies remain elevated after reports that Iran was planning an attack on targets that include Saudi Arabia and Northern Iraq,” said Edward Moya, senior market analyst at OANDA. Meanwhile, “global economic outlook remains very fragile to a swathe of risks, and that should keep crude demand forecasts vulnerable to getting slashed, but for now energy traders remain fixated on how tight the market remains.” U.S. benchmark West Texas Intermediate crude for December delivery CLZ22,
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.
