JGBs edged higher in price terms in early Tokyo trade as falling oil prices ease inflation concerns.
Oil fell in early Asian trade amid prospects of U.S.-Iran talks that could lead to reduced supply disruptions
U.S. crude futures fell nearly 2% in early Asian trade on Tuesday as investors reassessed supply risk, with uncertainty over U.S.–Iran peace talks persisting ahead of a key ceasefire deadline.
Crude oil continues to be very noisy as we are watching the latest headlines coming out of the Middle East, as hostilities have had a few flareups.
Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf, hindering its ability to meet certain customer commitments, Bloomberg News reported on Monday, citing a document.
Analysts at Societe Generale forecast full normalization to occur toward the end of the year
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The Kremlin, when asked on Monday about a U.S. sanctions waiver on some Russia's oil exports, said that Russia was a responsible and important player on global energy markets and that it was hard not to take Russia's export volumes into account.
UK's main stock indexes dipped on Monday in a broad-based decline as fears that the U.S.-Iran ceasefire could collapse weighed on market sentiment.
West Texas Intermediate and Brent crude have risen to levels reached before Friday after the shipping route was shut again
Investors look ahead to another week of earnings while retail sales data on Tuesday will be closely watched to see how higher oil prices have hit consumer spending.
Exxon, Chevron and other energy companies are turning to Africa and South America to secure their next generation of prospects.