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International oil prices, which plunged for two consecutive days until yesterday (22th), surged overnight. In the meantime, with the analysis that it is a simple technological rebound due to falling too much, it is predicted that negative oil prices are likely to occur again at any time.

Reporter Jeon Byeong-nam.

<Reporter> The

international oil price, which had plummeted by recording the minus oil price for the first time in history, soared.

On June, the New York Mercantile Exchange traded crude oil from West Texas for delivery in June, rising by 19.1% per barrel to $ 13.78.

At one point during the week, the increase was more than 30%, exceeding $ 16 per barrel.

The British Brent oil in June also rebounded, trading at around $ 20.

It is analyzed that the technical rebound has occurred due to the excessive drop in oil prices for two consecutive days.

However, the situation of global crude oil demand has not changed sharply as a result of Corona 19, and the oversupply of oil-producing countries is still high, so the possibility of further collapse is open.

Indeed, the price of crude oil from western Texas in May fell to -37 dollars, and yesterday, the deal was closed at $ 11.57 with a 43% drop in daily delivery even in June.

[Andrew / Atomic Research Research Group Senior Researcher: Unfortunately, this massive oversupply situation will continue over the next few months.] As

international oil prices rebounded, New York stocks, including energy-related stocks, also rose.

Europe's major stock markets also climbed at once and regained some stability.