Oil prices rise due to supply concerns: West Texas Intermediate crude futures rose above $81 a barrel today,
recouping some of last week’s losses as various supply disruptions continue to roil oil markets.

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The Japanese yen halts its decline amid optimism about government intervention.

The dollar retreats as inflation data is anticipated.

Oil prices rise due to supply concerns.

The Japanese yen halts its decline amid optimism about government intervention.

The Japanese yen stabilised at 151.2 to the dollar, halting sharp declines amid concerns
about potential intervention by authorities in currency markets.
Masato Kanda, the country’s top currency diplomat,
stated that the yen’s weakness does not reflect fundamentals and described recent movements as speculative.
He added that he urgently monitors currency movements and warned that he is prepared to respond appropriately.
Meanwhile, Kazuo Ueda, Governor of the Bank of Japan,
said the central bank would maintain its accommodative stance for some time and keep interest rates at 0%.
Investors are now looking forward to Tokyo’s inflation figures later this week,
widely regarded as a nationwide key indicator of price trends.

The dollar retreats as inflation data is anticipated.

The dollar index fell to 104.3 today, giving up some of last week’s gains as investors

became cautious ahead of the U.S. Personal Consumption Expenditures Price Index report for February,
the Federal Reserve’s preferred inflation gauge, due later this week.
However, the index remained close to its five-week highs amid bets that U.S. interest rates might stay higher for longer,
even as other major economies start cutting rates.

Oil prices rise due to supply concerns.

West Texas Intermediate crude futures rose above $81 a barrel today,
offsetting some of last week’s losses amid ongoing supply disruptions in the heart of oil markets.
Analysts pointed to disruptions in Russian oil refinery activities due to Ukrainian drone attacks,
affecting about 12% of the country’s oil processing capacity.
The UN Security Council also failed to pass a resolution calling for an immediate ceasefire
in Gaza on Friday after Russia and China vetoed the U.S.-proposed measure.

Elsewhere, investors are looking to major inflation reports
in major economies this week for clues on the direction of global monetary policy.

Oil prices rise due to supply concerns.

Oil prices rise due to supply concerns

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