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INPEX, Japan Petroleum Exploration slip as WTI crude drops on expectations of continued U.S.-Iran talks◇
Shares of INPEX CORPORATION <1605> and Japan Petroleum Exploration Co., Ltd. <1662> traded lower. U.S. West Texas Intermediate (WTI) crude oil futures for May delivery dropped to the $95 per barrel range at one point during Asian morning trading on the 14th. The contract had settled at $99.08 on the 13th, up $2.51 from the prior weekend. U.S. President Trump remarked on the 13th that Iran strongly desires an agreement in peace talks. Furthermore, The Wall Street Journal reported the same day that a second round of U.S.-Iran talks could commence within days. Mounting expectations for continued diplomacy have weighed on crude oil prices, consequently driving selling pressure into INPEX and other energy equities.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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