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INPEX CORPORATION rebounds as WTI crude oil prices remain elevated near $97
INPEX CORPORATION <1605> rebounded. U.S. crude oil futures for West Texas Intermediate (WTI) June contracts were trading around $97 per barrel as of shortly after 10:00 a.m. Japan time on the 28th. The settlement price (equivalent to the closing price) on the 27th was $96.37, up $1.97 from the previous weekend. Amid strong uncertainty regarding U.S.-Iran negotiations, crude oil prices continue to remain elevated. U.S. news site Axios reported on the 26th that Iran, through Pakistan, presented a new proposal to the United States regarding the reopening of the Strait of Hormuz and ending the war. White House Press Secretary Levitt acknowledged on the 27th that discussions took place regarding Iran's new proposal, but views are growing that it remains unclear whether this will lead to renewed negotiations.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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