Tokyo Crude Oil Futures Decline More Than 5% Saudi Announces Relief Concerns September 18th 17:50
The price of crude futures on the Tokyo Commodity Exchange on the 18th fell by more than 5% compared to the 17th. It is clear that oil facilities have been restored in the attacked Saudi Arabia, and concerns about the supply of crude oil have been eased.
On the 18th, the Tokyo Commodity Exchange placed a sell order for crude oil futures, and the price of futures in February next year, which will be the center of the transaction, will be 39,110 yen per kiloliter at the closing price, 2200 yen from 17th, rate The price dropped by 5.3%.
This is because after the oil-related facilities in Saudi Arabia were attacked, the government met on the 17th, and as a result of proceeding with the restoration work of the facilities, the supply amount returned to the level before the attack, and the supply of crude oil This is because excessive concern about has been eased.
On the 17th in the crude oil market in Tokyo, the price rose by over 12% from last weekend, and although the price dropped on the 18th, it is still high compared to before the attack.
Market officials said, “The direct impact of this attack may have been reduced, but there is a new risk that oil-related facilities will be attacked by drones. As the geopolitical risk in the Middle East region has increased, such as pointing out the possibility of the situation, the sense of caution remains high. "