Summary: Don’t even think about “six consecutive declines”! Reduce the price by 9 yuan/ton? On January 14, domestic oil prices may be "stranded"!
Yiniu Finance News: Currently, the countdown has begun until the first round of domestic refined oil price adjustment window in 2019 opens next Monday (January 14).
After experiencing the "five consecutive declines" at the end of 2018, as international oil prices continue to rebound, the negative value of the domestic crude oil change rate is also shrinking.
Since 2019, international oil prices have recorded "seven consecutive increases", and! There is little hope that domestic oil prices will fall for the sixth consecutive week next week.
For car owners, as long as it doesn’t rise, it’s okay even if it’s “stranded”! You think so?
On the last trading day, international oil prices rose by more than 2%. Due to market expectations, if China and the United States resolve their economic and trade disputes through negotiations, crude oil demand may grow faster.
On Wednesday (January 9), international oil prices continued to rise. In the European session, WTI and Brent crude oil futures prices rebounded rapidly, both rising by more than 2%. WTI crude oil rose to US$50 again, and Brent crude oil rose above US$60.
Bob Yawger, director of Mizuho Futures, said, "The trade situation is undoubtedly optimistic; if we can reach this trade agreement, you will see a good demand structure."
In addition, the Organization of the Petroleum Exporting Countries (OPEC), including Saudi Arabia, the largest crude oil exporter, and allies including Russia have reduced crude oil supply, which has boosted crude oil prices.
According to estimates, as of the seventh domestic working day, the comprehensive crude oil variety change rate was -0.23%, and the current oil price is expected to drop by about 9 yuan/ton.
It is worth noting that according to my country's relevant regulations, if crude oil rises or falls within the range of 50 yuan/ton, the oil price will not be adjusted this time.
At present, there are only 3 working days until the new round of oil price adjustment. If the oil price increase does not exceed 50 yuan/ton, this round of oil price will most likely be stranded.