In the Tokyo market on the 18th, the price of crude oil futures rose to the mid 58,000 yen level per kiloliter, reaching the highest price in 7 years and 2 months.
UAE = An explosion at a state-owned oil company's facility in Abu Dhabi, the capital of the United Arab Emirates, has raised concerns that crude oil supply may be disrupted.
On the 18th, the futures price of crude oil from the Middle East traded in the Tokyo market rose to the mid 58,000 yen level per kiloliter of the core "Kotoshi June".
This is the highest price in 7 years and 2 months since November 2014.
Concerns have spread that the supply of crude oil may be disrupted after an explosion that appears to be a drone attack at a facility of a state-owned oil company in Abu Dhabi, the capital of the UAE.
Market officials said, "The economies of each country hit by the new coronavirus are normalizing, and demand for crude oil is expected to continue to be high. Buy orders from investors are increasing. "