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INPEX and Japan Petroleum Exploration little changed with oil near $91

Thu Apr 16, 2026 11:02 am JST Catalyst

INPEX CORPORATION <1605> and Japan Petroleum Exploration Co., Ltd. <1662> traded in a narrow range without clear direction. WTI crude oil futures for May delivery settled at 91.29 dollars per barrel on April 15, up 0.01 dollars. In after-hours trading as of 10 a.m. Tokyo time on April 16, WTI continued to hover around the 91 dollar level. U.S. President Trump reportedly stated on April 14 that an end to hostilities with Iran was "very close." Meanwhile, weekly U.S. petroleum inventory data released on April 15 showed a decline from the previous week. While the potential resolution of the Iran conflict weighed on prices, the inventory draw suggested resilient demand, keeping WTI prices range-bound amid mixed sentiment.

Source: MINKABU PRESS

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

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