During the oil price adjustment window, domestic oil prices fell instead of rising, which made many car owners who had expected a "three-day losing streak" disappointed. However, according to the trend analysis of international crude oil on March 4, when the next window comes, domestic oil prices will definitely fall. Although the international crude oil has reached the opinion that the output will decline, it still can't stop the price of 92 and 95 gasoline from falling. Let's take a look at today's national oil price changes.
Today, the Organization of Petroleum Exporting Countries and Russia will meet in Vienna to discuss how to prevent the international oil price from plummeting. The two sides have reached an agreement on the goal of further reducing oil production, and intend to increase crude oil production from the previous reduction of 600,000 barrels per day to 6,543.8+0,000 barrels per day. Such a large-scale reduction in production is bound to ease the plunge in oil prices.
International analysts also believe that although the international crude oil production has been greatly reduced, if the international public health events are not controlled in a short time, the decline of international crude oil will remain unstoppable, so it is still unknown whether the oil price can resume its original upward trend in the future.
Domestic oil price: Although the oil price has not changed in this oil price adjustment window, the phenomenon of not rising has indicated that the domestic crude oil market has been hit and the domestic gasoline demand has not fully returned to normal in the short term. The demand for crude oil in March is not as high as everyone thought, so domestic oil prices will not rise in a short time.