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Crude oil prices relieve supply concerns before Saudi attack | NHK News

2019-09-30T12:25:02.051Z

International crude oil prices, which have risen sharply after attacks on oil-related facilities in Saudi Arabia, are about half a month after supply concerns have eased ...



Crude oil price to the level before the Saudi attack

International crude oil prices, which rose sharply after an attack on oil-related facilities in Saudi Arabia, rebounded to the pre-attack level for the first time in about half a month as supply concerns eased. I haven't been able to find the information that gives birth so far.

Following the attack on oil-related facilities in Saudi Arabia, one of the world's leading oil producing countries, international crude oil prices rose sharply by 19% in the London market on September 16 compared to before the attack.

After that, however, the price gradually decreased in response to the announcement that the Saudi government had recovered its supply.

In the London market on the 30th, the price of futures for North Sea crude oil fell to the $ 60-barrel level, almost the pre-attack level for the first time in half a month.

In addition, the price of WTI futures in the New York crude oil market has fallen to the lower half of the US $ 55 per barrel, which is almost at the pre-attack level as well.

The market official said, “There is no information that has given rise to new concerns regarding the supply from Saudi Arabia and the restoration of oil-related facilities so far. The crude oil prices may rise again depending on the situation in the Middle East in the future. "

Source: nhk

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