Latest oil price adjustment news: Today is Friday, January 27, 2023. The recent crude oil market can be described as turbulent. The increase in U.S. crude oil inventories and the influence of the geopolitical situation have plunged the entire crude oil market into a confusing situation. As a result, the recent oil price rose for two days and fell for one day, and has been hovering around US$85/barrel. Under this influence, the price of domestic refined oil products will also continue to increase. As of now, the price of domestic refined oil products has exceeded 200 yuan/ton, making the already gap between rise and fall even worse. A new round of oil price adjustment is about to begin, and it will depend on whether oil prices fall back. If the Spring Festival trend continues, then this price adjustment will usher in a new pattern of "two rises and one fall". There are still 7 days left before this oil price adjustment. I hope that the decline in oil prices can turn things around and come back again!
Domestic oil price status
Oil price adjustment has always been rising and falling. The change rate of crude oil reached 5.50%. The third round of oil price adjustment on the working day On the same day, the daily oil price is expected to increase by 225 yuan/ton in accordance with the refined oil price adjustment mechanism and the " petroleum price management measures ". In terms of liters, the oil price is expected to increase by 0.18 yuan/liter to 0.20 yuan/liter. The trend of crude oil for many days is still not ideal for this round of oil price adjustment, and the increase continues to increase. If the increase in oil prices is finally realized, it will once again break the "1 rise and 1 fall" pattern and achieve a "2 rises and 1 fall" situation.
International oil price status
International crude oil prices continued the ups and downs of crude oil last year. As of January 27, the latest price of WTI US crude oil was US$81.82/barrel, with the highest: US$82.14/barrel and the lowest: US$79.92/barrel. Brent crude oil price quoted per barrel is 86.69 US dollars/barrel, the highest is 87.99 US dollars/barrel, and the lowest is 85.77 US dollars/barrel.
Negative factors for oil prices : China's optimism about the outlook for crude oil demand years ago cannot offset the market's concerns about the global economic recession, forcing some investors to stop investing in the face of the current uncertain situation; U.S. fourth quarter GDP data, changes in the number of unemployed people, durable goods and other unoptimistic phenomena have increased the probability of the Federal Reserve raising interest rates to 99.8%, thus dragging down rising oil prices.
Positive factors for oil prices : The main factor causing the recent rise in oil prices is the further escalation of the situation between Russia and Ukraine. NATO Many countries have put aside their fig leaves and begun to vigorously assist Ukraine . For example, Britain, the United States, and Germany provided dozens of the most advanced main battle tanks and a variety of heavy-duty vehicles to Ukraine. Weapons have brought new light to the stalemate between Russia and Ukraine, and this caused the Russian Ministry of Foreign Affairs to declare that it would lead to "unforeseen consequences." It is not difficult to guess that its impact will be huge; however, in this tense situation, Iran also expressed its position and began to impose sanctions on the EU and some entities and individuals in the United Kingdom, thus helping to increase the current oil prices.
Overall situation : In the short term, the oil price trend will remain around US$85/barrel, and the probability of a sharp decline may disappear in the near future. In the long term, the overall oil price trend will depend on how the situation between Russia and Ukraine develops. If the current situation develops, there is no doubt that oil prices will rise. There will also be many factors that are unfavorable to oil prices.
The editor has updated the latest oil prices, including No. 0 diesel, No. 92 gasoline, and No. 95 gasoline at gas stations across the country.