In the New York crude oil market on the 4th, international crude oil futures prices temporarily fell below $90 per barrel for the first time since Russia's invasion of Ukraine.
This is due to heightened concerns about a global economic slowdown in countries such as the United States and China.
In the New York crude oil market on the 4th, the WTI futures price, which is an index of international crude oil trading, temporarily fell below $90 per barrel to the upper $87 per barrel.
It is the first time since Russia invaded Ukraine on February 24th that it will fall below $90 per barrel.
In the background, the economic slowdown in China, Europe and the United States is expected to slow down, and the demand for crude oil is expected to decline.
In addition, the increase in crude oil and gasoline inventories announced by the US Energy Information Administration on the 3rd has eased concerns about supply shortages, which has also led to price declines.
WTI futures prices briefly exceeded $130 per barrel in early March this year after Russia's military aggression, accelerating global inflation.