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Oil-related stocks mixed as crude prices remain elevated amid peace talks focus
Oil-related stocks traded mixed on 21st, with INPEX CORPORATION <1605> rising slightly while Japan Petroleum Exploration Co., Ltd. <1662> and ENEOS Holdings, Inc. <5020> traded lower. On 20th, U.S. crude oil futures saw WTI (West Texas Intermediate) for May delivery rise 5.76 dollars from the previous week's close to 89.61 dollars per barrel. U.S. President Trump reportedly stated on 20th that the likelihood of extending the ceasefire with Iran is extremely low, with the deadline set for the night of 22nd Eastern Time (morning of 23rd Japan Time). Market participants are closely watching the progress of U.S.-Iran negotiations. Against this backdrop, WTI prices remained elevated at around 88 dollars as of shortly after 11:00 a.m. Japan Time on 21st.
*Translated by generative AI. Click here for the original article.
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