According to the relevant provisions of the Measures for the Administration of Petroleum Prices and the Measures for the Administration of the Collection of Risk Reserves for Oil Price Control, when the international crude oil price exceeds the "floor price" of 40 US dollars, the domestic refined oil prices (including gasoline and diesel) will be adjusted. Therefore, the oil price adjustment window will open in June 1 1 day, and the domestic refined oil price will be raised for the first time this year.
The drop in international oil prices has rekindled doubts about oversupply and declining fuel demand in the United States, the world's largest crude oil consumer, due to the increase in US crude oil and fuel stocks. Some analysts worry that the global COVID-19 epidemic situation is still not optimistic because the market is rising too much and too fast.
At 15:56 Beijing time, NYMEX crude oil futures fell 2.03% to 38. 15 USD/barrel; ICE Brent crude oil futures fell 1.68% to $40.49/barrel. The two major crude oil futures contracts rose to a three-month high on Monday (June 8), reaching $40.44/barrel and $43.33/barrel respectively.
At 24 o'clock on June 1 1 day, it was another round of domestic refined oil price adjustment window. After five price adjustment windows, the international oil price briefly exceeded $40 last week, but it has been fluctuating below $40 recently. Therefore, this time there is a high probability that oil prices will continue to run aground and will not rise.
Without special circumstances, the oil price is likely to remain unchanged tomorrow night, while the price of refined oil is still the lowest in the last four years, and the "five-yuan era" will continue again.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.