【Fujitomi】Tokyo oil market rebounds, but erases gains from the high

（Tokyo crude oil and refined products）
On the 9th, Tokyo crude oil and refined products were little firmer. As of 11:00, the front-month futures: crude oil October contract up 200 yen from the previous day to 30,000 yen; gasoline November contract up 230 yen to 48,100 yen; kerosene November contract up 200 yen to 47,750 yen.
The weak yen depreciation provided support, helping Tokyo's oil market rebound. Although bullish expectations ahead of the inventory data were shown, causing somewhat aggressive buying in Tokyo, overseas crude prices moved lower than the previous day, and with the fundamentals still weak, buying did not sustain. From poor spot demand, there was risk of downward volatility with a late-night plunge the previous day, so a cautious outlook remains for the daytime session as well. Buys should be executed with turnover in mind.
https://www.fujitomi.co.jp/?p=14980