INPEX recovers 4,000-yen level as WTI crude rises above $87 on Iran tensions
INPEX CORPORATION <1605> extended its winning streak to four consecutive sessions, with the share price recovering above the 4,000-yen level for the first time in about three and a half months since May 20.
October WTI crude oil futures briefly rose to $87.00 per barrel during Japanese trading on the 1st. The settlement price on the 31st came in at $85.76 per barrel, up $2.36 from the previous week.
Concerns over a further deterioration in Middle East tensions mounted amid ongoing exchanges of attacks between the United States and Iran. Against this backdrop, buying interest in INPEX remained dominant.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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