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INPEX and other oil-related stocks decline as WTI crude falls to $91 range in off-hours trading
INPEX CORPORATION <1605> and Japan Petroleum Exploration Co Ltd <1662> shares traded lower on Monday as U.S. West Texas Intermediate (WTI) crude futures for July delivery slid to around 91 dollars per barrel by 9:00 a.m. Tokyo time, hitting a two-and-a-half-week low. On Friday, the contract had settled up 0.25 dollars at 96.60 dollars. U.S. President Trump indicated on Saturday that an agreement with Iran "will be announced soon." Despite his subsequent social media post on Sunday stating he had "instructed not to rush the agreement," mounting expectations for easing Middle East tensions dragged WTI prices down, weighing on INPEX and other energy-related stocks.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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