China News Service, September 21 (China News Service, Ge Cheng) Oil prices have just risen and fallen, and may usher in the "seventh decline" of the year.
:00 on September 21, 24:00, the new round of domestic refined oil price adjustment window will open. Affected by changes in international oil prices, domestic refined oil prices may usher in a slight drop.
Data picture: Gas station. Photo by Ge Cheng, China News Service
Jinlianchuang Finished Oil analyst Wang Shan said that since this round of pricing cycle, international crude oil has remained at a low level overall, and the average price has fallen month-on-month. Although uncertainty about the crude oil market supply prospects are still high, concerns about the global economic slowdown under the expectation of a global economy under the expectation of a high rate hike in the United States and Europe.
institutions estimate that as of the ninth working day of the Japanese round refined oil price adjustment cycle on September 20, the average price of reference crude oil varieties was US$88.90 per barrel, with a change rate of -6.25%. It is estimated that the domestic gasoline and diesel reduction will be RMB 280 per ton, equivalent to about RMB 0.2 per liter of gasoline and diesel. After this round of oil price adjustment, No. 95 gasoline is expected to drop below 9 yuan in full.
2022 domestic refined oil price adjustments. (Data source: National Development and Reform Commission)
"Looking forward, international crude oil may maintain a wide fluctuation trend, and it is expected that crude oil price may fluctuate around US$87 per barrel." Bi Mingxin, an analyst at Jinlianchuang finished oil, said that in late September, the producers focused on catching up on sales, and international crude oil may continue to be negative in the short term.
markets expect Feder to raise interest rates again this week, trying to curb the highest inflation in 40 years. "At present, most people believe that the possibility of the Fed hike 475 basis points at its meeting on September 21 is very high, and there is also a possibility of 100 basis points." Han Zhengji, an analyst at Jinlianchuang crude oil, said that, therefore, investors are worried that a sharp rate hike will curb global economic growth and demand for fuel. (End)
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