In the Tokyo crude oil market on the 18th, futures prices have risen due to concerns that supply cannot keep up with oil demand, and the high level has continued for the first time in three years.
In the Tokyo crude oil market, the futures price for March next year, which is the center of transactions, temporarily rose by more than 500 yen from the closing price last weekend and hit a new year-to-date high.
Since October 2018, it has been at the highest level for the first time in three years.
This is due to growing concerns among investors that global economic activity has resumed and demand for oil is rising, while oil-producing countries are not keeping up.
Market officials said, "IEA = International Energy Agency revised upwards on global oil demand outlook for next year, which has led to price increases. Oil demand for full-scale winter is persistent. , Buy orders are on the rise. "