INPEX falls for third straight day as crude oil prices remain heavy despite U.S. strikes on Iran
INPEX CORPORATION <1605> shares declined for a third straight session on Wednesday. After a U.S. military helicopter was shot down, the U.S. military announced Wednesday (Japan time) that it had launched strikes against Iran. In response, West Texas Intermediate (WTI) crude oil futures for July delivery rose to around $90.00 per barrel at one point in extended trading, but softened to the high $88.00 range as of 2:00 p.m. Views emerged that WTI prices face a heavy upside. The settlement price Tuesday was $88.20, down $3.10 from Monday. Amid the sluggish performance of crude oil prices, selling pressure dominated INPEX.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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