Or "two consecutive increases", domestic oil price adjustment window opens today | crude oil | rate of change | oil price
On July 12th at 24:00, a new round of domestic refined oil price adjustment window will open. After the previous round of oil price hikes, institutions predict that the prices of refined oil products may continue to rise in this round, resulting in "two consecutive increases".
Yu Yaxin, a refined oil analyst at Zhuochuang Information, believes that from a fundamental perspective, the main positive news for international oil prices in this pricing cycle comes from two aspects. On the one hand, the decline in US crude oil inventories is significant, and there is support for oil prices; On the other hand, Saudi Arabia announced that it will extend its voluntary reduction in oil production until the end of August, while also raising official selling prices.
"The above two factors have led to a more cautious and optimistic market sentiment, with further support from the bottom of oil prices. Overall, international crude oil prices are showing a volatile upward trend, with the average crude oil price rising month on month. The domestic reference crude oil change rate continues to operate within a positive range. As a result, the retail price limit for domestic refined oil products is likely to increase this time."
According to institutional calculations, as of the ninth working day of the Japanese crude oil price adjustment cycle on July 11th, the average price of reference crude oil varieties is 73.92 US dollars per barrel, with a change rate of 1.96%. It is expected that the increase in domestic gasoline and diesel prices will be about 120 yuan per ton, equivalent to an increase of about 0.1 yuan per liter of gasoline and diesel.
What is the subsequent trend of oil prices after this round of adjustment?
"In the future, international oil prices are expected to fluctuate and rise mainly." In the view of Hu Xue, an analyst at Jinlian Chuang, the crude oil market is currently in a state of volatility and wait-and-see, and the news is biased towards positive.
Yan Jingwen, an analyst at Longzhong Information, predicts that international oil prices may rise first and then fall in the third quarter, but the overall upward trend is still hindered and it is difficult to achieve a very strong performance.
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International oil prices significantly increased on the 11th
New York, July 11th (Xinhua) - International oil prices rose significantly on July 11th.
As of the close of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange increased by $1.84, closing at $74.83 per barrel, a 2.52% increase; The London Brent crude oil futures for September delivery rose by $1.71 to close at $79.40 per barrel, a 2.20% increase.