Tuesday; North Korea fired an unrecognized ballistic missile towards the east sea and there is a possibility it lands in Japan's exclusive economic zone, says Japan Defence Ministry.

David Lennox, Analyst at Fat Prophets discuss “We could perhaps see disruptions to supplies going into countries like Japan in the near-term and that could cause some volatility. When we look at the oil markets, there are some key drivers that we will be looking to in the weeks ahead to determine the direction of the oil price from here on.” 

“At this stage we have kept our year-end target for brent at about USD 68-77 per barrel by the end of this calendar year. On gold, at this point in time we have still kept the price at USD 1500 per ounce for calendar year-end,” futher added.

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