International oil prices have risen for two consecutive days, finally closed down this morning. However, the current price of Brent crude oil is still more than 94 US dollars per barrel, and the price of US crude oil also exceeds 88 US dollars per barrel, which makes the domestic oil price rise this year for the 13th time next week. Let’s take a look at the latest international oil price news and oil price adjustment information.
Today's international oil price: As of the close of the day, the futures price of light crude oil delivered on the New York Mercantile Exchange in December fell by $1.83, and fell by 2.03% , closing at 88.17 per barrel ; the price of London Brent crude oil futures delivered in January 2023 fell by $1.49, and fell by 1.55% , closing at 94.67 per barrel .
Oil price adjustment latest news: oil price will be adjusted next week's 11 on the evening of on November 7. At present, after 9 working days, it is expected that the oil price will be raised by 140 yuan/ton (0.11 yuan/liter-0.13 yuan/liter). I want to know in advance how much the oil price will rise next week , please follow the "zxyoujia" official account news.
latest news on international oil prices
U.S. Energy Information Administration (EIA) said on Wednesday that crude oil and gasoline inventory fell last week , while refineries increased production activities before the heating season arrived when inventory was already tight. As of the week ending October 28, crude oil inventories unexpectedly fell by 3.1 million barrels to 436.8 million barrels of . Analysts remain worried that the continued decline in stocks is still due to the release of strategic inventory and insufficient increase in distillate stocks.
A survey found that oil production in October fell for the first time since June as exports from African member countries decreased and the OPEC+ alliance promised a slight reduction in production in some Gulf oil-producing countries. The survey found that OPEC production in October was 29.71 million barrels per day, a decrease of 20,000 barrels per day from September, and the September output was the highest since April 2020. The 10 OPEC members participating in the agreement produced 1.36 million barrels/day below their October target and reported 1.32 million barrels/day below their target.
Federal 4th consecutive hike rate 75 basis points, and Chairman Powell said it was too early to consider suspending interest rate hikes, and the dollar index continued to rebound. But surprisingly, after the Fed took action, oil showed strong resistance to declines .
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