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London Brent crude oil futures rose 2.6% at one point in Asian trading on the morning of the 8th, topping $ 71 a barrel. The world’s largest crude oil terminal in Saudi Arabia was hit by missiles and drones on the 7th, but production appears to have been unaffected.
The May contract for ICE Futures Europe’s North Sea Brent futures was temporarily at $ 71.16 a barrel, the highest since January 2020. At 8:46 am Singapore time (9:46 am, Japan time), is up 2.2% to $ 70.87.
The April New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures contract rose 2.2% to $ 67.54. It was up 3.5% the previous business day.
The Saudi Arabian Ministry of Energy explained that a storage tank at the Ras Tanura export terminal on the Persian Gulf coast was hit by a drone from the sea side. The terminal has an oil export capacity of 6.5 million barrels per day, less than 7% of world demand, and is one of the most defensive oil facilities in the world.
Attack on Saudi Arabian Oil Facility: No Casualties or Impact on Crude Oil Production Due to Interception
In the Middle East, the Yemeni Houthi armed movement has a series of attacks against Saudi Arabia.Hostile acts, such as launching attacks, were increasing. Last month, the Biden administration carried out airstrikes on facilities related to pro-Iranian forces in eastern Syria.
US bombs pro-Iranian facilities in eastern Syria-Pentagon
Crude Oil Prices Last week, OPEC Plus, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and major non-member oil-producing countries, unexpectedly cut production to the current level.Rapid growth because it was decided to keep. In response to this decision, the investment bank’s outlook for crude oil pricesWith a series of rises, the Goldman Sachs Group expects Brent to exceed $ 80 per barrel in July-September (third quarter) of this year.
Original title:Oil climbs above $ 71 after attack on key Saudi crude terminal (抜 粋)
(Updated crude oil market figures)