In the New York crude oil market on the 2nd, it was perceived that the scale of additional production increase by oil-producing countries was not as large as expected, and the international crude oil futures price temporarily rose to the $ 117 level per barrel.
In the New York crude oil market on the 2nd, it is accepted that the scale of the increase in production is not as large as expected when it is reported that major oil producing countries decided to increase crude oil production next month by 648,000 barrels a day at this day's meeting. Came out.
As a result, WTI futures, which is an international indicator of crude oil prices, temporarily fell to the $ 111 level per barrel before the meeting, but turned around and rose to the $ 117 level.
There are views in the market that it is unclear how much Russia's production, which is subject to sanctions due to this increase in production, will be compensated for, and there is a deep-rooted concern about supply shortages.
Market officials said, "Crude oil prices remain high as some major oil-producing countries may step up to increase production to make up for the decline in Russia's production. As sanctions continue, the extent to which major oil-producing countries will increase production in the future is likely to influence the trend of crude oil prices. "