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    Home > Chemicals Industry > Petrochemical News > Oil prices may fall for the second time this year

    Oil prices may fall for the second time this year

    • Last Update: 2023-02-14
    • Source: Internet
    • Author: User
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    The current round of oil price adjustment window is 24:00 on June 28
    .
    The successive declines in crude oil have made the current round of change rate show a deepening trend from positive to negative
    .
    According to the calculation of the agency Jinlianchuang, as of June 24, the eighth working day change rate was -5.
    21%, the average price of reference oil was 113.
    45 US dollars / barrel, and domestic gasoline and diesel should be reduced by 280 yuan / ton
    .
    There are only 2 working days left before the price adjustment, and due to inertia, the rate of change may still have negative extension space
    .
    Jin Lianchuang believes that the second reduction during the year will be realized as scheduled, and the reduction may exceed 300 yuan / ton
    .
    The cost of oil used by the majority of car owners has finally been moderately reduced
    .

    "In this round of pricing cycle, the international crude oil futures price fell
    sharply.
    Investor concerns about demand became the main bearish pressure
    that led to the fall in oil prices.
    Jin Lianchuang analyst Wang Shan said
    .

    As of 19:12 Beijing time on June 26, the main line of US crude oil and Brent crude oil rose to 107.
    06 US dollars / barrel and 108.
    99 US dollars / barrel
    .
    On June 24 (Beijing time), WTI closed at $104.
    27/barrel, down $16.
    66, or -13.
    78%, from the previous price adjustment day (June 14), and Brent closed at $110.
    05/barrel, down $12.
    22, or -9.
    99%,
    from the previous price adjustment day.

    In the future market, industry insiders analyzed that under the intertwining of good factors such as the Fed's interest rate hike and the gap in crude oil supply, international oil prices may maintain a wide range of shocks
    .
    "In the short term, there is still some downward pressure
    on domestic oil prices.
    However, under the support of higher refining costs, the decline in domestic oil prices may be relatively limited, and it has entered a new sales cycle, if crude oil rebounds in the later stage, gasoline and diesel prices will not lack follow-up operations
    .
    Wang Shan analyzed
    .

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