At the New York Commercial Exchange on the 17th, the price of futures for US-made WTI crude oil, which is an indicator of crude oil prices, plummeted, with $ 3.56 (5.7%) lower than the previous day at 1 barrel = $ 59.34 Finished the transaction. The view of the recovery of the attacked Saudi oil facility earlier than expected has eased supply concerns. WTI futures recorded a historic surge of about 15% the previous day.
Two oil facilities in eastern Saudi Arabia were attacked by drones on the 14th, and half of the country's oil supply capacity had stopped, but Saudi Abdulaziz Energy Minister at a press conference on the 17th, By the end of this month, the prospects of recovering the original supply were shown, and supply concerns that had spread to the market retreated.
US President Trump also mentioned the release of strategic oil reserves, but told reporters on the 17th that "I don't think it is necessary. Crude oil (price) has not increased very much." I turned to a cautious attitude. (New York = Takashi Jiangsu)