In the New York crude oil market, concerns about a stagnation in crude oil supply from Russia, which is subject to severe economic sanctions, have increased, and international crude oil futures prices have temporarily risen to the $ 114 level per barrel for the first time in 10 years and 10 months. ..
In the New York crude oil market, the international index WTI futures price temporarily rose to the $ 114 level per barrel on the 2nd.
It is the first time in 10 years and 10 months since May 2011 that the price has reached the $ 114 level.
This is because the military invasion of Ukraine has heightened concerns about a stagnation of crude oil supply from Russia, which is subject to severe economic sanctions such as exclusion from the international payment network.
Furthermore, on the 2nd, major oil-producing countries such as Saudi Arabia decided to forgo an additional increase in production in April, and a sense of caution about global supply shortages spread, leading to price increases.
The members of the IEA (International Energy Agency) have agreed to cooperate to release 60 million barrels of oil reserves, but market officials said, "There is a view that the military invasion will be prolonged, and the future is uncertain. Since the rise in crude oil prices has not stopped, there is a possibility that the pressure to rise will increase on domestic gasoline prices and other factors.