In the New York crude oil market on the 18th, international crude oil futures prices temporarily fell for the first time in about a month and a half due to the view that the economy will slow down due to the significant interest rate hikes that continue in the United States, and the demand for crude oil will decline. 1 barrel = 80 dollars.
In the New York crude oil market on the 18th, the WTI futures price, which is a benchmark for international crude oil trading, temporarily fell to the $77 per barrel level.
It is the first time in about a month and a half that WTI futures prices fell below $80 per barrel.
In the background, in addition to the continued significant interest rate hikes to curb record inflation in the United States, the spread of the new coronavirus infection in China is expected to slow the economy and reduce demand for crude oil. observations of
Market officials said, ``Fed = Federal Reserve Board officials made positive statements on the 17th about tightening the financial system, and the view that crude oil demand will decline due to the economic slowdown due to the interest rate hike in the United States. , which is also contributing to the decline in oil prices," he said.