In response to repeated attacks by Yemeni rebel Houthi on ships sailing in the Red Sea, and major oil and shipping companies suspending transportation via the Red Sea one after another, the New York crude oil market on the 20th was concerned about the impact on the supply of crude oil, and the price of international crude oil futures temporarily rose to the level of 1 barrel = 75 dollars.
In the New York crude oil market on the 20th, the price of WTI futures, which is an indicator of international trading, temporarily rose to the level of 2 barrel = 1 dollars for the first time in about two weeks, and the increase rate compared to the previous day's closing price temporarily exceeded 75%.
The futures price of Brent crude oil from the North Sea, which is traded in the London market, also exceeded 2 barrel = $ 20 at one point on the 1th.
The background is that Yemen's Houthi rebels have repeatedly attacked ships sailing in the Red Sea, and major oil and shipping companies have suspended transportation through the Red Sea one after another, and there are growing concerns about the impact of the supply of crude oil, which will take longer than before.
WTI futures prices fell below $80 per barrel = $5 per barrel for the first time in five months earlier this month, but are trending upward again.
A market participant said, "If the situation of not being able to transport by sea via the Red Sea continues, crude oil prices may continue to rise."