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Crude extends losses on anticipation of US sanctions on Iran: 1/12 PM

2018/01/12 17:18

The February crude oil futures contract in NYMEX ACCESS trade at 16:15 Tokyo time on Friday was at $63.50 per barrel (bbl), down 12cts from morning on the same day while the March Brent contract in ICE After Hours Trading was at $69.20/bbl, down 7cts. The downtrend continued in Asian hours.

Due to anticipation of US president Trump imposing economic sanctions on Iran, “the crude market underwent a correction after the previous day’s gains,” Hiroyuki Takai at Sumitomo Corporation Global Research Co explained.

Meanwhile, the Nikkei Stock Average depreciated 56.61 points to end the day at 23,653.72, as the dollar traded at 111.30 against the yen.

 

RECX-22 index for Friday was at 114.53 points, down 0.75 points from Thursday.

 

Tokyo : Yasuaki Yokoi  +81-3-3552-2411
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