INPEX and Japan Petroleum Exploration decline as WTI crude falls sharply on U.S.-Iran negotiation optimism

INPEX CORPORATION <1605> and Japan Petroleum Exploration Co., Ltd. <1662> are trading lower. U.S. crude oil futures fell sharply on the 20th, with WTI (West Texas Intermediate) July contracts dropping $5.89 to $98.26 per barrel. Prices temporarily fell to the $96.90 range. President Trump stated on the 20th that negotiations with Iran are "in the final stages." This sparked optimistic sentiment regarding U.S.-Iran peace talks, pushing WTI prices down to the high $90s. With expectations mounting for progress in U.S.-Iran negotiations and crude oil prices weakening, INPEX and other energy stocks are showing soft price movements.

Source: MINKABU PRESS

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