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INPEX rallies as WTI crude tops $105 in morning trade

Mon Apr 13, 2026 1:38 pm JST Catalyst

INPEX CORPORATION <1605> rebounded on Monday as WTI crude futures surged past the 105-dollar mark, fueled by escalating tensions in the Middle East. During early Tokyo trade on April 13, the WTI May contract jumped to 105.63 dollars per barrel, a sharp spike from Friday’s settlement of 96.57 dollars. The rally follows the collapse of U.S.-Iran negotiations in Pakistan over the weekend and President Trump’s announcement of a "reverse blockade" to control maritime traffic in the Strait of Hormuz. While the threat to global oil supply provided an immediate tailwind for INPEX, the market remains split on the mid-term outlook. Despite the current price volatility, a ceasefire agreement remains in effect until April 21, and expectations of continued diplomatic efforts have kept some investors cautious, leaving the stock caught between bullish and bearish sentiment.

Source: MINKABU PRESS

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

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