Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say

Traders in Asia will assesses monthly consumer price index figures out of Australia, set to be released later in the day.

The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.

Trump has repeatedly said the United States is taking in $2 billion per day from tariffs.