Oil Prices Steady as Iran-U.S. Nuclear Talks and OPEC+ Output Plans Shape Market Outlook 
Japan GDP Growth Slows Sharply in Q4 2025 Amid Weak Business Spending and Trade Tensions 
U.S. Inflation Cools in January as Gas Prices Fall, Core CPI Signals Sticky Price Pressures 
Japan Signals Openness to Gradual BOJ Rate Hikes as Deflation Era Ends 
ECB Expands Euro Liquidity Backstop to Strengthen Global Role of the Euro 
Asian Currencies Trade in Tight Range as Dollar Steadies; Yen Slips on Weak Japan GDP 
Japan Coalition Urges BOJ Independence as Sales Tax Cut Plan Advances 
Gold and Silver Prices Slip After Strong U.S. Jobs Data, Fed Rate Cut Bets Fade 
U.S. Stocks End Mixed as January CPI Cools, Treasury Yields Slide 
Fed Governor Stephen Miran Warns Tight Monetary Policy Threatens U.S. Economic Growth 
Oil Prices Edge Higher as US-Iran Tensions and Strong Payroll Data Shape Market Sentiment 
BOJ Governor Ueda Meets PM Takaichi as Markets Eye Possible Rate Hike 
UK House Prices Hold Steady in February as Rightmove Reports Post-Budget Market Stability 
Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data 
MOEX Russia Index Closes Flat as Gold Surges and Ruble Strengthens 
New Zealand House Prices Dip in January Amid Seasonal Slowdown and Severe Weather 
U.S.–Taiwan Trade Agreement Sets 15% Tariff, Boosts Energy and Semiconductor Investment 
Oil prices were largely unchanged in Asian trading on Wednesday after posting sharp losses in the previous session, as progress in U.S.-Iran nuclear negotiations eased concerns about potential supply disruptions. The latest developments reduced geopolitical risk premiums that had supported crude markets earlier this week.
Brent crude futures for April delivery edged up 0.1% to $67.51 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.1% to $62.40 per barrel. Despite the modest rebound, both benchmarks remained under pressure after Brent dropped nearly 2% and WTI fell 1% on Tuesday.
Market sentiment shifted following reports that Washington and Tehran reached an understanding on key “guiding principles” during ongoing nuclear talks. Although Iranian Foreign Minister Abbas Araqchi clarified that a final agreement is not imminent, the signs of progress raised expectations that Iranian oil exports could eventually return more fully to global markets. Iran remains a significant oil producer, and any easing of sanctions could increase global crude supply, influencing Brent and WTI prices.
Energy traders are closely monitoring developments due to Iran’s strategic position near the Strait of Hormuz, a critical transit route handling roughly 20% of the world’s daily oil consumption. Reduced geopolitical tensions in this region typically weigh on oil prices by lowering supply risk concerns.
Trading volumes in Asia were relatively thin due to Lunar New Year holidays across several regional markets, contributing to limited price movement.
Investors are also awaiting key U.S. oil inventory data. The American Petroleum Institute (API) is set to release its weekly crude stock estimates, followed by official figures from the Energy Information Administration (EIA). These reports will offer insights into U.S. supply trends and short-term price direction.
Additionally, markets are watching the Federal Reserve’s January meeting minutes and the upcoming U.S. Personal Consumption Expenditures (PCE) inflation report for signals on interest rates and future fuel demand.
