kabutan

INPEX and Japan petroleum exploration rise as crude oil prices remain elevated despite U.S. ceasefire extension

Wed Apr 22, 2026 9:58 am JST Catalyst

INPEX CORPORATION <1605> and Japan Petroleum Exploration Co., Ltd. <1662> traded higher. US President Trump announced an extension of the ceasefire with Iran on the 21st, but crude oil prices remained elevated as he said the US Navy would continue its blockade of Iranian ports and coastlines. US crude WTI June futures traded near $89 per barrel at 9:00 a.m. Tokyo time on the 22nd. The May contract settled at $92.13 on the 21st, up $2.52 from the previous session. Amid high oil prices, INPEX and other energy stocks remained firm.

Source: MINKABU PRESS

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

Related Articles