In the New York crude oil market on the 24th, there is growing concern that supply from oil-producing country Russia will be stagnant due to Russia's invasion of Ukraine, and international crude oil futures prices will temporarily exceed $ 100 a barrel for the first time in 7 years and 7 months. I did.

In the New York crude oil market on the 24th, concerns about the supply stagnation from Russia, an oil-producing country, increased due to Russia's invasion of Ukraine.



For this reason, the futures price of WTI, which is an international indicator of crude oil prices, rose sharply from the day before, which had been hovering around the $ 92 level, and temporarily reached the $ 100 level per barrel.



It is the first time in 7 years and 7 months since July 2014 to hit the $ 100 level per barrel.



WTI futures prices had fallen to the $ 62 level at the beginning of December last year due to concerns about the spread of the new coronavirus Omicron strain, but have been on the rise since then.



Market officials said, "Some investors thought that the reality was low, so the invasion of the military led to an increase in buy orders. Will the future situation be uncertain and the upward trend in crude oil prices will be stopped? Please, it's becoming more and more opaque. "



Soaring crude oil prices will increase inflationary pressure through rising gasoline prices, and there is concern that it will be a burden on the world economy, including those in Europe and the United States, where record inflation has already become an issue.

Wheat futures price rises to high level for the first time in 9 years and 5 months

On the Chicago Board of Trade on the 24th, wheat futures prices temporarily exceeded $ 9 per bushel, rising to the highest level in nine years and five months since September 2012.



The background is that there is a sense of caution that supply from Russia and Ukraine, which are wheat exporters, will be stagnant due to Russia's invasion of Ukraine.



If futures prices continue to rise, it could affect food prices for Japan, which relies heavily on imports for much of its wheat.

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