Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. This morning, prices have recouped some of this decline after President Trump said he plans to make a “major” statement on Russia on Monday.
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $65.82 per barrel, down from Thursday’s close at $65.89.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.27 after its previous daily close at $68.29.
AUD/JPY extends its gains for the second successive session, trading around 96.70 during the Asian hours on Friday. As per the technical analysis of the daily chart, the currency cross remains within the ascending channel pattern, indicating a prevailing bullish bias.