Business · Energy & Commodities · 1 hr ago
Japanese oil futures rise as Middle East supply concerns persist
Oil futures in Japan opened higher on the morning of Nov.
6.
The benchmark April 2027 contract began trading at 85,470 yen per kiloliter, up 1,490 yen from its previous settlement.
Uncertainty over Middle East energy shipments helped drive buying, as traders could not tell when transport would return to normal.
The contract had reached its lowest level since late September the previous day, and some buyers adjusted their positions.
Gold futures moved lower during the same morning session.
The update gives no further outlook for prices or details on what may happen next.
Japanese crude oil futures rose at the start of trading on the morning of Nov. 6.
The benchmark April 2027 contract opened at 85,470 yen per kiloliter, up 1,490 yen from the previous settlement.
Buying was supported by uncertainty over whether energy transport in the Middle East would return to normal.
Position-adjustment buying also followed the benchmark contract’s previous-day low since late September.
- Who
- Traders in Japan’s domestic commodity futures market.
- What
- Crude oil futures rose at the start of trading.
- When
- The morning of Nov. 6, 2026.
- Where
- Japan’s domestic commodity futures market.
- Why
- Uncertainty over the normalization of Middle East energy transport and position-adjustment buying supported prices.
This story does not have two clearly opposing sides.
The benchmark crude oil futures contract reached its lowest level since late September.
Japanese crude oil futures began trading higher.
- Benchmark contract
- April 2027 crude oil futures
- Opening price
- 85,470 yen per kiloliter
- Change from previous settlement
- Up 1,490 yen
- Market context
- Lowest benchmark level since late September on the previous day