Dubai crude on the TOCOM market pared its morning gains. The most-active March 2027 contract was at ¥95,740, up ¥2,030 from the previous weekend close, while WTI futures remained soft, leaving market movements mixed.
Dubai crude futures on the Tokyo Commodity Exchange pared their gains in morning trading. The most-active March 2027 contract was trading at ¥95,740, up ¥2,030 from the previous weekend close. Daytime trading settled after the recent sharp rise against the backdrop of escalating tensions in the Middle East.
New York crude oil futures (WTI) remained soft in response to movements in US and European crude oil markets, suggesting limited upside for the market as a whole. The narrowing gain in Dubai crude was reported as a move occurring while the market assesses the direction of global crude oil prices.
There were no major moves in electricity, gasoline, LNG or Osaka Exchange CME crude oil index futures, and the market continued to watch developments from the sidelines.