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INPEX rebounds as WTI crude prices remain elevated amid concerns over escalating Iran offensive
INPEX CORPORATION <1605> rebounded. Crude oil prices remain elevated, supporting continued firmness in the company's shares. U.S. crude oil futures rose sharply on the 2nd, with West Texas Intermediate (WTI) for May delivery climbing $11.42 to $111.54 per barrel from the previous day. U.S. President Trump stated in a speech on the 1st that he would "intensify military operations against Iran over the next two to three weeks." The heightened tensions in the Middle East prompted buying in crude oil. In after-hours trading as of 11:00 a.m. Japan time on the 3rd, WTI was trading near the $112 level.
Source: MINKABU PRESS
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