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Market Update : 
Tokyo Closed Higher, Inpex Surges
Author: 123jump.com Staff
123jump.com
Last Update: 3:31 PM EDT May 07 2008

Stocks in Japan advanced as rising crude oil prices topped $122 per barrel on further supply disruptions in Nigeria and elevated crude oil demand in the U.S, China and India. After the close, U.S. reported in its weekly oil inventory report a decline in Crude oil import by less than 5%. China, India and the U.S. continues to import crude oil at elevated level, despite oil trading above $122 a barrel. Average gasoline price in Japan rose nearly 6 yen in a week and reached 159.20 yen.

 

 

 
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