INPEX falls for first time in three days as profit-taking outweighs WTI crude rise on Middle East concerns
Shares of INPEX CORPORATION <1605> fell for the first time in three sessions on Thursday. Overnight, U.S. crude oil futures rose, with West Texas Intermediate (WTI) for July delivery gaining 2.26 dollars to 96.02 dollars per barrel from the previous session. Crude oil prices remained firm as reports of escalating military exchanges in the Middle East dampened expectations for progress in U.S.-Iran negotiations toward ending hostilities. However, WTI prices eased slightly to around 95 dollars as of 9:00 a.m. Japan time. Following a continuous rally through Wednesday, profit-taking weighed on INPEX shares.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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