Oil prices rose on April 8. Xinhua News Agency, new york, April 8th, by reporter Liu Yanan, the international oil price rose on the 8th. As of the close of the day, the price of light crude oil for May delivery in the New York Mercantile Exchange rose by 2.23 USD to 98.26 USD per barrel, or 2.32%, while the price of Brent crude oil for June delivery in London rose by 2.20 USD to 102.78 USD per barrel, or 2. 19%.

Composition of oil price

Crude oil cost, China's way of obtaining crude oil includes exploitation or import, and logistics cost, mainly including transportation and storage. Consumables such as pipelines and vehicles belong to transportation cost, while oil depots belong to storage cost.

Refining cost is related to crude oil products and refining technology. The higher the crude oil product, the lower the refining cost. For example, PetroChina can refine 70% of the oil equivalent of crude oil into refined oil, and the other 30% will generate chemical products and tax costs, including value-added tax and consumption tax, that is, fuel tax and urban construction tax. In addition, when the international oil price falls to a certain price, oil companies need to pay special income.