In the Tokyo crude oil market on the 5th, futures prices have fallen somewhat due to widespread belief that the results of the meetings of major oil-producing countries that decided to postpone the additional production increase were within the expected range, but the high level is still high. it is continuing.
In the Tokyo crude oil market on the 5th, the futures price for April next year, which will be the center of the transaction, will be in the 52,800 yen range per kiloliter by 11:00 am, which is about 400 yen lower than the closing price on the 4th. I am.
It was within the expected range that an additional increase in production was postponed at the oil-producing countries meeting on the 4th, and the WTI futures price fell to a level below $ 80 in the New York market on the 5th. In trading, sell orders are preceded in order to secure profits for the time being.
However, futures prices on the Tokyo crude oil market have remained at high levels for the past month, well above 50,000 yen per kiloliter.
Market participants are deeply concerned that supply will not be able to keep up with demand as economic activity resumes globally, and there is a view that crude oil prices will continue to rise.
In Japan, the retail price of regular gasoline has risen for the ninth straight week, and there are concerns about the impact of rising procurement costs on corporate performance.