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INPEX CORPORATION rebounds for the first time in 4 days as WTI rises to $99 level amid setback in Iran situation
INPEX CORPORATION <1605> snapped a three-day losing streak to trade higher. U.S. West Texas Intermediate (WTI) crude futures for June delivery climbed to the $99 per barrel level as of 11:00 a.m. Tokyo time. WTI settled at $95.42 on Friday, May 8, up $0.61 from the previous session. On May 10, U.S. President Trump posted on social media that Iran's response to a U.S. proposal to end hostilities was "totally unacceptable." Consequently, hopes for a diplomatic breakthrough dimmed, and as crude oil prices rose, INPEX attracted early buying. The company is scheduled to report its earnings results on May 13.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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