In the New York crude oil market, concerns about a stagnation of crude oil supply from oil-producing country Russia continued to rise on the 1st, and international crude oil futures prices temporarily rose to the $ 106 level per barrel for the first time in 7 years and 8 months. Did.
In the New York crude oil market, the WTI futures price, which is an international indicator of crude oil prices, temporarily rose sharply to the $ 106 level per barrel on the 1st.
It is the first time in 7 years and 8 months since July 2014 that one barrel = $ 106 level.
Behind this was a series of strict economic sanctions against Russia, such as measures to lock out certain Russian banks from the international payment network, and the major British oil company BP decided to virtually withdraw from Russia's business. For this reason, there are growing concerns about the supply stagnation from Russia, an oil-producing country.
On the 1st, at an extraordinary ministerial meeting of the IEA = International Energy Agency, member countries such as Japan and Western countries agreed to cooperate to release 60 million barrels of oil reserves, but the rise in crude oil prices was stopped. Is not applied.
Market officials said, "There is a growing view that the risk of stagnation in crude oil exports from Russia is becoming more real, and crude oil futures prices may continue to rise for the time being."