INPEX CORPORATION falls for first time in four days as crude oil prices weaken on reports of US-Iran provisional agreement
INPEX CORPORATION <1605> fell for the first time in four sessions. July West Texas Intermediate (WTI) crude futures traded lower near $88.00 per barrel in electronic trading on Friday morning, Japan time. The previous session's settlement price was $88.90, up $0.22. Crude prices weakened in off-hours trading following reports that the United States and Iran reached a provisional agreement to lift navigation restrictions in the Strait of Hormuz and initiate nuclear talks, pending approval from U.S. President Trump. According to U.S. reports, the two countries agreed to a memorandum extending their ceasefire for 60 days to engage in nuclear negotiations, keeping oil prices under pressure.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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