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INPEX CORPORATION continues to rise as WTI crude climbs to $107 level amid uncertainty over U.S.-Iran negotiations
INPEX CORPORATION <1605> shares continued to rise, tracking higher oil prices as the June U.S. West Texas Intermediate (WTI) crude contract traded near $107.30 per barrel as of 10:00 a.m. Tokyo time on May 18. The front-month contract had settled at $105.42 on Friday, May 15, up $4.25 from the previous session. Crude prices were supported by heightened geopolitical risks after a U.S.-China summit brought no breakthroughs on Iran. U.S. President Trump posted on social media on May 17 that "time is running out for Iran," while Iranian Foreign Minister Araghchi reportedly stated he "does not trust the United States at all," highlighting the gridlock in negotiations to end hostilities and underpinning the firm tone in INPEX shares.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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