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Crude oil ETFs including NEXT FUNDS NOMURA Crude Oil Long advance as WTI prices briefly touch 98 dollar level
Crude oil ETFs, including NEXT FUNDS NOMURA Crude Oil Long Index Linked Exchange Traded Fund <1699> and WisdomTree WTI Crude Oil <1690>, advanced on Friday. U.S. West Texas Intermediate (WTI) crude futures for June delivery touched 98 dollars per barrel during morning trade in Asia. The settlement price on Thursday was 94.81 dollars per barrel, down 0.27 dollars from the previous session. Crude oil prices climbed following reports on May 8 of renewed military exchanges between the U.S. and Iran. Market concerns grew after an Iranian official reportedly dismissed a U.S. ceasefire proposal, though the U.S. military stated it "does not wish to escalate the situation."
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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