International oil prices finally closed this morning after rising for 2 days. The price of US crude oil has now reached around US$99/barrel, and the price of Brent crude oil is also in the range of US$102/barrel. This makes next week's 13th oil price adjustment this year expected to drop sharply again. Let’s take a look at the latest news on international oil prices and oil price adjustment information.
Today's international oil prices: As of the close of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange fell by 8.93 US dollars, fell by 8.24% , closed at US$299.50 per barrel ; September delivery The price of London Brent crude oil futures fell by 10.73 US dollars, or 9.45% , and closed at at US$2,102.77 per barrel.
The latest news on oil price adjustments: oil prices will be adjusted on the evening of July 12 next week. After 6 working days of statistics, it is expected that oil prices will be reduced by 137 yuan/ton (0.10 yuan/liter-0.12 yuan/liter) , if you want to know in advance how much oil prices will drop next week, please also pay attention to the "Latest Oil Price Inquiry" public account news.
Latest international oil price news
According to reports, Norwegian offshore oil and gas field workers went on strike on Tuesday, which will lead to a reduction in oil and natural gas production . Reports say workers are demanding higher wages to offset soaring inflation. Europe's natural gas supplies are particularly tight after Russia cut exports, and the strike comes at a time of high oil and gas prices.
The gradual recovery of demand in China will provide certain support for commodity prices. However, as European and American central banks accelerate the pace of interest rate hikes, the demand for commodities in the West has slowed significantly, and recession risks are also increasing. Deutsche Bank predicts that the U.S. economy will Into recession in the third quarter of 2023.
Data from the German Federal Statistical Office show that after seasonally adjustment, German merchandise exports in May were 125.8 billion euros, a month-on-month decrease of 0.5%; merchandise imports reached 126.7 billion euros, a month-on-month increase of 2.7%, resulting in a trade deficit of approximately for the month to 1 billion euros. Germany's trade deficit reflects the weakness of Europe's foreign trade that has spread from peripheral countries to core countries .
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