Dubai crude futures on the Tokyo Commodity Exchange extended their gains. The settlement price for the central contract month was ¥75,160, up ¥980 from the previous day, while the daytime session opened sharply higher following a rebound in WTI.
Dubai crude futures on the Tokyo Commodity Exchange extended their gains, with the settlement price for the central contract month rising to ¥75,160. Other contract months were up approximately ¥1,340 to ¥2,350.
The daytime trading session opened sharply higher against the backdrop of a rebound in New York crude oil (WTI) futures the previous day, but gains narrowed as WTI turned weaker.
There were no significant moves in power, gasoline, LNG or CME crude oil and other index futures, and no notable change in overall trading activity was observed.