Do not change the downward trend of average price of crude oil in three places
Due to the strikes by Norwegian oil workers and the decline in U.S. crude oil inventories, international oil prices rose more than 1% on Wednesday to return to the $80/barrel mark. In the recent week, international oil prices seem to have stabilized and stabilized, but this did not hinder the three places. The downward trend of the average price of crude oil, institutional statistics show that as of the 27th, the average price of crude oil in the three places has reached 7.53%.
U.S. Crude Oil Stocks Fall High
The world’s eighth-largest oil exporter, Norway’s oil workers, went on strike. Sources said that the strike had led to a reduction in Norwegian oil production by 240,000 barrels per day. Driven by this news, the New York Mercantile Exchange's crude oil futures prices rose on Wednesday; on the other hand, the weekly report released by the US Energy Agency (EIA) was also positive for oil prices. The data showed that US crude oil inventories fell by 100,000 barrels last week. In the previous week, US crude oil inventories hit a record high for more than 20 years. The EIA data also showed that US crude oil demand increased by 2.5% last week. The international oil price fell back after the inventory data was released. The closing time was 80.21 US dollars/barrel. In the electronic trading yesterday, the international oil price remained at above 80 US dollars/barrel.
The rate of change of oil prices in the three places exceeded 7%
However, this did not impede the downward trend in the average price of crude oil in the three places. The statistical data of Zhuochuang Information showed that as of June 27, the movement rate of crude oil movements in the three places was -7.53%, which was 0.63% lower than the previous working day, 22 jobs. The daily moving weighted average price is $99.09/barrel.
According to the release of the report, although the international oil price has returned above $80/barrel, the rate of change in the three places has continued to fall. If the average prices of the next three places maintain a daily rebound rate of US$1/barrel, when the price adjustment window opens on July 10, the rate of change in the three regions will still be around -8%, and the NDRC’s theoretical price adjustment rate will be 600 yuan/ About tons, but then the NDRC may again reduce the price adjustment, the price adjustment is expected to narrow or to 400 ~ 500 yuan / ton. The minimum price of 93# gasoline was reduced at 0.31 yuan/liter, with retail prices in about 61% of the regions returning to the era of 6 yuan, and that of 0# diesel being down by 0.34 yuan/liter, with the exception of the retail prices outside Beijing and Shanghai, which fully returned to the 6 yuan era.
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