[Singapore 24th Reuters]-Crude oil futures on the 24th are soft. In response to weak manufacturing-related statistics in Europe and Japan, pessimistic demand forecasts were recognized. However, the uncertainties surrounding the supply disruption from Saudi Arabia support the downside.
As of 0154 GMT (10:54 am Japan time), the North Sea Brent futures <LCOc1> is 29 cents per barrel = $ 64.48. US WTI Crude Oil Futures <CLc1> is 24 cents per barrel = $ 58.40.
Michael McCarthy, senior market analyst at CMC Markets (Sydney), touched on the European and Japanese manufacturing indicators, “The demand-side issue is again drawing attention, and at this time we are slightly more Brent than WTI ( I feel pressure. ”
On the other hand, the price of crude oil has remained at a relatively high level since the beginning of the year following the attack on Saudi oil facilities.