In the New York crude oil market on the 19th, international crude oil futures prices fell for the first time in about a month and a half after major oil-producing countries agreed to gradually increase production from next month onward. I made a low price.
In the New York crude oil market, the futures price of WTI, which is an international index, fell on the 19th, and at one point it hit the low of $ 65 per barrel, the lowest price in about a month and a half since late May. ..
This is because on the 18th, OPEC (Organization of Petroleum Exporting Countries) led by Saudi Arabia and non-member oil producing countries such as Russia agreed to increase production every month from next month.
WTI futures prices have fallen around April last year due to sluggish demand for crude oil following the spread of the new coronavirus infection, followed by cooperative production cuts by major oil-producing countries and the resumption of global economic activities. It turned to rise.
And on the 6th of this month, the price rose to nearly $ 77 a barrel for the first time in about 6 years and 8 months, saying that talks on increasing production by major oil-producing countries were difficult.