Crude oil futures fall for the first time in 6 business days - focus on the situation in the Middle East and OPEC
2024/8/13 10:24 JST (some excerpts)
The crude oil futures exchange rate fell for the first time in 6 business days due to trading on the morning of the 13th Asian time. Concerns that the conflict in the Middle East would intensify were counteracted by signs of a slowdown in global demand growth.
North Sea Brent futures are traded around $82 per barrel. The price had risen by about 8% in the past 5 business days. The West Texas Intermediate (WTI) of the New York Mercantile Exchange (NYMEX) once again fell below $80.
The United States believes that the possibility of an attack on Israel by Iran is further increasing, and there is a possibility that it will be carried out within the week. Meanwhile, in response to signs of sluggish consumption, the Organization of Petroleum Exporting Countries (OPEC) lowered its global oil demand forecast for this year and next.
The crude oil futures exchange rate fell for the first time in 6 business days due to trading on the morning of the 13th Asian time. Concerns that the conflict in the Middle East would intensify were counteracted by signs of a slowdown in global demand growth.
North Sea Brent futures are traded around $82 per barrel. The price had risen by about 8% in the past 5 business days. The West Texas Intermediate (WTI) of the New York Mercantile Exchange (NYMEX) once again fell below $80.
The United States believes that the possibility of an attack on Israel by Iran is further increasing, and there is a possibility that it will be carried out within the week. Meanwhile, in response to signs of sluggish consumption, the Organization of Petroleum Exporting Countries (OPEC) lowered its global oil demand forecast for this year and next.
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