Oil prices down after monetary policy tightening moves

News of the day, Friday, June 17

The US dollar rose today with strong gains against the Japanese yen, as the Bank of Japan maintained its easy monetary policy. The Dollar index traded 0.8% higher, and USD/JPY rose 1.6%.

Due to aggressive monetary policy moves, European stocks are expected to open mixed after a previous decrease. The DAX futures traded 0.6% higher, CAC 40 futures increased 0.6%, while FTSE 100 futures fell 0.4%.

Oil prices slid today as demand concerns after monetary policy tightenings affect the market. Brent crude futures fell 0.3%, and WTI crude slid 0.4%.

Key quotes for today:   
Brent — $120.70   
WTI — $118.60 
GBP/USD — 1.2340
EUR/USD — 1.0524 
XAU/USD — $1850.50