Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Japan's Yen-Denominated Crude Oil Import Price Hits Record for Third Consecutive Month in June

Japan's Yen-Denominated Crude Oil Import Price Hits Record for Third Consecutive Month in June

CointimeCointime2026/07/22 08:31

On July 22, data released by Japan's Ministry of Finance on Wednesday showed that Japan's June crude oil import price, denominated in yen, hit a record high for the third consecutive month due to supply disruptions caused by the closure of the Strait of Hormuz and rising energy prices. The customs-cleared import price surged 84.7% year-on-year to 117,684 yen per kiloliter (approximately $722), marking the highest level since comparable records began in 1979, surpassing the previous record of 114,076 yen per kiloliter set in May. In dollar terms, the price stood at $117.16 per barrel, the ninth highest on record. A weaker yen, along with higher insurance and transportation costs, also contributed to the price increase.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!