Dubai crude on the Tokyo Commodity Exchange turned lower during the morning after opening higher, with the central contract month at ¥97,530, down ¥490 from the previous week.
Dubai crude on the Tokyo Commodity Exchange turned lower after the open, with the March central contract at ¥97,530 as of 11:00 a.m., down ¥490 from the previous week. The daytime auction began slightly higher following gains in WTI futures at the end of the previous week, but prices subsequently fell into negative territory in line with WTI's soft performance.
There were no trades in related indicators, including power, gasoline, LNG and the Osaka Exchange CME crude oil index futures, it was reported. This led to speculation that other contract months may also have moved lower.
The information was reported by Jiji Press, whose related news was cited as a related report.