Reasons why crude oil prices are falling
Russia ranks 3rd in the world in terms of crude oil production
Ukraine is attacking refineries, but once destroyed, oil refining-related parts are subject to sanctions, and it takes a considerable amount of time until restoration.
On the other hand, since oil wells cannot be checked, crude oil continues to be produced constantly, and if crude oil storage facilities are full, Russia currently has no choice but to export crude oil as crude oil, and large amounts of crude oil circulate in the market, and crude oil prices are biased against falling.
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pinkotu : I thought it wouldn't be less than $80 per barrel, but there are concerns about inflation, and considering the current high prices in America, it's cheap! There has been no change since a few years ago, and if it were 150 dollars per barrel from here, the price of gasoline in Japan would be around ¥300 yen. If my salary is more than double what it is now, there won't be a problem, though.
When I was little, I remember the ¥98 per liter sign ~ it was an age where there was no consumption tax.
株の慶次OP pinkotu: 98 yen per liter is a really nostalgic memory all that's left is to wait for the results
I hope this state progresses over a span of about 2 months!
I think they'll return to the interest rate cut mindset again!