Business · Energy & Commodities · 17 hrs ago
Oil futures rise in Japan amid Middle East supply concerns
Oil futures rose at the start of trading in Japan on Nov.
9.
The April 2027 contract opened at 87,000 yen per kiloliter, 330 yen above its previous settlement.
Ongoing Middle East tensions fueled concerns about energy supplies, supporting oil prices.
Saudi Arabia’s energy ministry said on Nov.
8 that an office building of state oil company Saudi Aramco in Riyadh was attacked.
The market headline also said gold prices rebounded, but gave no details about the move.
Higher oil prices matter because they reflect concerns about the availability of energy supplies.
Japanese crude oil futures rose at the start of trading on the morning of November 9.
The most active April 2027 contract opened at 87,000 yen per kiloliter, up 330 yen from the previous week's settlement price.
Buying was dominant amid persistent concerns about energy supplies as tensions continued in the Middle East.
Reuters reported that Saudi Arabia's energy ministry said an office building of state oil company Saudi Aramco in Riyadh was attacked on November 8.
- Who
- Buyers in Japan's domestic crude oil futures market.
- What
- Crude oil futures rose at the start of trading.
- When
- The morning of November 9, 2026.
- Where
- Japan's domestic commodity futures market.
- Why
- Persistent Middle East tensions raised concerns about energy supplies.
This story does not have two clearly opposing sides.
Saudi Arabia's energy ministry said an office building of state oil company Saudi Aramco in Riyadh was attacked, according to Reuters.
Japanese crude oil futures rose at the start of morning trading.
- Contract
- April 2027 crude oil futures
- Opening price
- 87,000 yen per kiloliter
- Change
- Up 330 yen from the previous week's settlement price
- Market
- Japan's domestic commodity futures market