The price of West Texas Intermediate (WTI) crude oil stabilized above $91.00 on Friday following a pullback from Thursday’s intraday highs near $96.00, according to FX Street. The previous upward momentum lost steam, causing prices to retreat and settle at a lower level.
This pause in price gains reflects ongoing market uncertainty, as traders reassess supply and demand factors amid fluctuating geopolitical and economic signals. The stabilization above $91 suggests some support remains at these levels despite the earlier reversal.
For Japanese investors, movements in WTI crude oil prices remain significant as energy costs influence inflation trends and impact both equities and the broader FX market, including the yen’s sensitivity to commodity price shifts.