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Is it true that oil prices stopped falling for the first time in a year?
At 24: 00 on September 1 Day, the price limit of domestic refined oil products ushered in a new price adjustment window. According to institutional analysis, due to the weak international oil price trend, the domestic refined oil price adjustment will be stranded again, and there will be the first "two consecutive stops" in the year. Since this pricing cycle, the international crude oil price has fluctuated and closed down as a whole, and the change rate of reference crude oil has dropped to a negative value.

Xu Lei, an analyst at Zhongyu Information, said that during the period, the low implementation rate of OPEC production cuts collided with the ninth consecutive week of decline in US crude oil inventories, and the market's long and short factors were intertwined and complicated. The end of the price adjustment was dragged down by Hurricane Harvey. As of the close of local time on August 30th, US WTI crude oil futures in June 10 closed down 1.03% to USD 45.96/barrel. Brent crude oil 65438+ 10 futures closed down 2. 19% to $50.86/barrel.

According to Zhuo Chuang information data, as of the close of 30th, the change rate of crude oil was -0.26%, corresponding to the price reduction of refined oil by 8 yuan/ton. Longzhong Information and Zhongyu Information estimate that the corresponding downward adjustment range is 5 yuan/ton. Meng Peng, refined oil analyst of Zhuo Chuang Information, said that since there is only one working day left before the price adjustment window, the current adjustment range is still far from the red line of 50 yuan/ton price adjustment, and the domestic price limit adjustment of refined oil is expected to run aground at 24: 00 on September 1 day.

According to the current refined oil pricing mechanism, domestic oil prices are adjusted every ten working days. If the price adjustment range is less than 50 yuan/ton, it will not be adjusted, and the unadjusted amount will be accumulated or offset in the next price adjustment. Xu Lei also believes that the late period of the seasonal demand for gasoline in the United States has ended, and the latest increase in the inventory of gasoline in the United States will have an impact on the demand for crude oil in the later period, so the international crude oil price is still in a downward trend in the middle line.