[투데이에너지 조대인 기자] On the 19th, while international oil prices fell due to the temporary suspension of the US federal government debt ceiling negotiations and a decrease in net buying positions, Fed Chairman Powell’s remarks and a decrease in the number of US oil rigs limited the decline in oil prices.
Korea National Oil Corporation (CEO Kim Dong-seop) announced that WTI crude oil from West Texas was sold at $71.55 per barrel, down $0.31 from the previous day, and Brent oil from North Sea was sold at $75.58 per barrel, down $0.28 from the previous day.
In addition, Dubai oil from the Middle East, which is applied as domestic oil prices, closed at $74.99 per barrel, down $0.38 from the previous day.
While negotiations between the White House and Republicans to raise the federal government debt ceiling are underway, Republicans have announced a temporary suspension of negotiations in the process of working-level negotiations.
The working-level negotiating group on the Republican side stopped the meeting and left, saying that the Democratic Party was irrational and the negotiations were unproductive.
However, negotiations resumed from 7:00 p.m. local time after the market closed.
The U.S. Commodity Futures Exchange announced that it was confirmed that speculative net long positions on crude oil futures decreased as of the 16th.
Powell, chairman of the Federal Reserve Bank, hinted at halting interest rate hikes in June, saying that although inflation is still high, there would be no need to raise the policy rate further considering the delayed effect of the tightening policy and credit tightening due to bank unrest.
As of the 19th, the number of oil drilling rigs in the US recorded 575, down 11 from the previous week, Baker Hughes reported.
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2023-05-20 13:00:00
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