US drilling platform surged oil prices under pressure

US oil service company Baker Hughes released data on Friday (January 25) that as of January 25, the number of active oil drilling in the United States surged 10 to 862, the first time since 2019. increase. Breaking the previous expectations, once again triggered market concerns about US production, oil prices fell in early trading yesterday. At the same time, the US stock market fell, and oil prices were under pressure. The S&P 500 index closed down 0.78% to 2643.85 points. The Dow Jones Industrial Average closed down 208.98 points, or 0.84%, to 24,528.22 points. The Nasdaq Composite Index fell 1.11% to 7085.69 points. On Monday 28th, Saudi Energy Minister Falih said in an interview with CNBC: "We are all committed to the (last year) December agreement. So far all the signs are good, the Russians have promised me that they will speed up." After Falih’s speech, but the oil price decline is difficult to change. Trump’s national security adviser, Bolton, said the US sanctioned Venezuela’s state-owned oil company PDVSA. The escalation of tensions between the United States and Venezuela has expanded the possibility of new sanctions imposed by the United States, and the decline in oil prices has narrowed. The opening price of TOCOM Middle East Oil Futures 1904 contract was 40,710 yen, which was 790 yen or 1.94% lower than the settlement price.