[New York 17th Reuters]-Crude futures market price on the 17th is significantly lower. It was reported that the recovery of oil production was progressing in Saudi Arabia, which was attacked by oil facilities.
Saudi Minister of Energy Abdul Aziz indicated that production will return to normal by the end of September.
North Sea Brent Crude Oil Futures <LCOc1> has temporarily dropped more than 7%. The liquidation value is $ 65.55, down 6.5% ($ 4.47). WTI (West Texas Intermediate) Crude Oil Futures <CLc1>, an indicator of US crude oil, is $ 59.34, down 5.7% ($ 3.56).
Caroline Bain, chief economist in charge of commodities at Capital Economics, said, “At $ 60 at the end of the year, we do n’t need to rush up our crude oil outlook, but there are still some serious things about this attack. I have to think that there is still a lot of doubt and room for price increases. "