Japan's Election, Oil, Yen Dip

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Reuters

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Morning Bid: Oil and yen drop on MidEast restraint, Japan indecision

Summary

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78% Informative

U.S. crude oil prices skidded below $ 68 per barrel for the first time in almost a month - and continued to track year-on-year losses of almost 20% .

Crude oil prices also fell sharply on Monday , dropping more than 4% after Israel 's retaliatory strike on Iran bypassed Tehran 's oil and nuclear facilities and did not disrupt energy supplies.

Japan 's loss of a parliamentary majority for the ruling coalition in weekend elections would hamper interest rate hikes.

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formal

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English

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