West Texas Intermediate (WTI) crude oil prices have remained steady above the $75.50 mark, influenced by ongoing uncertainty surrounding Iran. According to FX Street, WTI traded in a narrow range during the Asian session on Friday, reflecting cautious market sentiment.
The price action is also seeing notable support from the 200-day simple moving average (SMA), which has helped maintain WTI levels above $72.80 since early March. This technical indicator continues to play a significant role in guiding traders' decisions amid geopolitical concerns.
For Japanese investors, the sustained crude prices may impact energy-related equities and inflation expectations, influencing broader market dynamics in the FX and equity sectors.