In the New York crude oil market on the 16th, international crude oil futures prices temporarily fell to the $85 per barrel level for the first time in about seven months due to concerns about the economic slowdown in the United States and China.
In the New York crude oil market on the 16th, the futures price of WTI, which is a benchmark for international crude oil trading, temporarily fell to the $85 per barrel level.
It is the first time in about seven months since January that the price will hit the $85 level per barrel, and the first time since Russia's military invasion of Ukraine in February this year.
In the background, there is a growing view that the economy will slow down and the demand for crude oil will decline in response to the recently announced economic indicators from the United States and China.
In addition, there are speculations that if there is some progress in indirect talks aimed at rebuilding the nuclear agreement between Iran and the United States, which has resumed with the European Union (EU) acting as an intermediary, crude oil exports from Iran will increase. leading to price declines.
WTI futures prices briefly exceeded $130 per barrel in early March this year after Russia's military aggression, accelerating global inflation.
A market insider said, "Because of deep-rooted concerns about a global economic slowdown, there is a strong view that the downward trend in crude oil prices will continue for the time being."