Domestic crude oil futures rose 0.37% on March 18, 2022

On March 18, the Shanghai International Energy Exchange Center daytime crude oil futures contract fluctuated at a high level, with active trading and reduced
positions.
The main 2204 contract of domestic crude oil futures opened at 639.
7 yuan, and as of the close of the day, it closed at 676.
0 yuan, up 9.
49% or 58.
6 yuan; the settlement price was 654.
4 yuan; the trading volume was 86749 lots; the position was 18284 lots, and the daily position decreased by 5239 lots
.

As of the close of trading on March 17, light crude oil futures for April delivery rose $7.
94, or 8.
35%, to close at $102.
98 a barrel on the New York Mercantile Exchange; London Brent crude for May delivery rose $8.
62, or 8.
79 percent
, to settle at $106.
64 a barrel.

According to the National Development and Reform Commission, the price of domestic refined oil products will be increased
according to the mechanism from 24:00 on March 17, 2022.
According to the recent changes in oil prices in the international market, according to the current refined oil price formation mechanism, starting from 24:00 on March 17, 2022, the prices of domestic gasoline and diesel (standard products, the same below) will increase by 750 yuan and 720 yuan
per ton respectively.