Today, the international crude oil closed, with the market falling 1.9%, reducing the increase in refined oil prices by about 60 yuan/ton As of October 11, the market fell: in November, WTI fell 1.78 at US$89.35 per barrel, a drop of 2.0%; in December, Brent fell 1.9 at US$94.29

International crude oil closed today, with the market falling 1.9%, reducing the increase in refined oil prices by about 60 yuan/ton

As of October 11, the market fell: in November WTI fell 1.78 at $89.35 per barrel, a drop of 2.0%; in December Brent fell 1.9 at $94.29 per barrel, a drop of 2.0%. The main force of China's crude oil futures SC 2212 closed up 4.8 yuan/barrel to 693.8 yuan/barrel

The decline in international crude oil has reduced the trend of rising domestic refined oil prices, a decrease of about 60 yuan/ton compared with yesterday. On October 12, 2022, the domestic reference crude oil change rate was 6.32%. is expected to raise the oil price by about 320 yuan/ton . If it is changed to a higher calculation, it is expected that the oil price of 0.28 yuan/liter-0.30 yuan/liter will increase.

International crude oil market review

10/11: IMF lowered the rating of the world economic outlook in 2023, exacerbating concerns about economic recession. European and American crude oil futures fell for the second consecutive day, and some of them gave up OPEC and its allies agreed to a major production cut. As of October 11, WTI fell 1.78 to $89.35 per barrel in November, a drop of 2.0%; in December, Brent fell 1.9 to $94.29 per barrel, a drop of 2.0%. China's crude oil futures SC main force 2212 closed up 4.8 yuan/barrel to 693.8 yuan/barrel.

International crude oil news summary

good news: China Federation of Logistics and Procurement data released on September 30 showed that China's non-manufacturing business activity index in September was 50.6%, a month-on-month decrease of 2 percentage points. Analysts said that the short-term contraction pressure of offline consumption demand is obvious, but the investment and financial environment is still relatively stable. In the fourth quarter, holiday consumption demand is expected to drive the consumption-related service industry to recover faster.

negative: International Monetary Fund (IMF) released the latest issue of the " World Economic Outlook Report " on the 11th. It is expected that global economic will grow by 3.2% in 2022, the same as the July forecast; the global economic growth rate will further slow down to 2.7% in 2023, down 0.2 percentage points from the July forecast.

International crude oil market analysis

International Monetary Fund (IMF) lowered its rating for the 2023 world economic outlook, aggravating concerns about economic recession. European and American crude oil futures fell for the second consecutive day, and some of them gave up the gains of OPEC+ agreed to reduce production. Investors are increasingly worried that the risk of a global recession is increasing, and demand may face pressure. Wait for the release of EIA data.

is expected to fall in the international crude oil market today.

main influencing factors: 1. The IMF lowered its forecast for global economic growth in 2023, and it is expected that the global GDP growth rate will slow down to 2.7%, and countries that account for one-third of the world's total output may fall into recession next year. 2. The hike of rate and the situation in Russia and Ukraine have strong support for the US dollar, and the high US dollar also suppresses oil prices. 3. The US government expressed dissatisfaction with OPEC+'s new production cut policy and may review Saudi . Core logic: The International Monetary Fund lowered its global economic growth expectations, market worries about economic recession continued, and international oil prices continued to fall.