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According to Japan's Kyodo Network, in the night trading of Middle Eastern crude oil futures carried out on the Tokyo Commodity Exchange from the evening of May 31 to the morning of June 1, the index price once rose to 83,600 yen (about 4,330 yuan) per thousand liters, reaching the highest level
since early August 2008.
The report pointed out that the reason for the increase in the index price was the consensus of EU countries on a partial ban on oil imports from Russia
.
According to the report, there are opinions that with the entry into effect of the sanctions, the demand for Middle East crude oil in EU countries has soared, and the opinion that the price will rise has expanded, resulting in higher futures prices
.
However, some large brokerages pointed out that "futures prices have also soared after a rapid surge, which is quite unstable"
.
CCTV News previously reported that on the evening of May 30, the leaders of EU member states agreed on the sixth round of sanctions against Russia, which will immediately ban the import of 75% of Russian oil, with the temporary exception
of oil supplied through pipelines.
