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INPEX Rebounds After Four-Day Decline as WTI Crude Rises to Around $58 in Off-Hours Trading

Thu Apr 9, 2026 10:43 am JST Catalyst

INPEX <1605> rebounded after four consecutive days of losses. Following a U.S.-Iran agreement on the 8th for a two-week ceasefire contingent on the resumption of navigation through the Strait of Hormuz, WTI crude oil futures sold off sharply on the same day, with the May contract falling $18.54 to $94.41 per barrel. However, in off-hours trading as of shortly after 10:00 a.m. Japan time on the 9th, prices have recovered to around $98 per barrel.

Geopolitical tensions in the region remain elevated, with Israel continuing its strikes on Lebanon. Iran has also warned that it will destroy any vessels attempting to transit the Strait of Hormuz without authorization, leaving the strait effectively blockaded. As crude oil prices show signs of stabilizing and recovering, buying interest has returned to INPEX.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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