Recently, stimulated by the favorable news such as the continuous fermentation of production reduction agreement, the continuous rise of the US dollar and the decrease of US crude oil inventories, the international crude oil fluctuated and rose, resulting in the adjustment of retail price limit of refined oil products from downward adjustment to stranded expectation on Thursday,1October 30, 165438, which means that the upward trend of retail price limit since the second half of the year will officially end.

The latest data shows that the decline in US crude oil inventories last week eased the market's nervousness about the oversupply of US crude oil. The Organization of Petroleum Exporting Countries and Russia have drawn up a new outline of the production reduction agreement, and plan to extend the term of the production reduction agreement to the end of 20 18, and will announce the official news at the meeting of oil-producing countries on 165438+ 10.

Coupled with the influence of American oil investors returning to the market after the Thanksgiving holiday and actively blessing long positions, and the boost of risk aversion caused by the armed attacks in Egypt, international oil prices have risen for four consecutive days in recent days. The futures price of light crude oil for delivery in the New York Mercantile Exchange 65438+ next year 10 rose by 0.93 USD to close at 58.95 USD/barrel, with an increase of 1.60%.

Analysts said that international crude oil may fluctuate sideways in the later period, so this round of oil price may be stranded, which means that the upward trend of retail price limit will officially end since the second half of the year, and consumers' oil consumption costs will remain at the current level. In addition, gas stations still have preferential policies, and the travel pressure of car owners has dropped slightly.

I hope the oil price can be kept within a reasonable range!