Oil prices on Friday or the fourth time during the year

The reporter learned from a number of social monitoring agencies that, on June 8, the price limit for refined oil products will meet the adjustment window. However, since the pricing cycle, the crude oil producers in Saudi Arabia, Russia and other oil-producing countries have continued to bear bad news, and the decline in international oil prices has been dominant. At that time, domestic oil prices may decline for the fourth time in the year.

According to Jinlian, as of the 6th working day of June 4, the average price of the reference crude oil was 73.26 USD/barrel, and the rate of change was -3.04%, corresponding to a reduction of gasoline and diesel prices by approximately 100 yuan/ton. Zhuo Chuang information monitoring data -2.85%, corresponding to gasoline and diesel cut 105 yuan / ton.

Gold Link analyst Li Yang believes that due to the previous market rumors that oil producers may increase oil prices caused by plummeting, but then the oil producers continue to extend the news of production cuts make oil prices stop falling, but the crude oil market may remain volatile in early June In the latest round of the pricing cycle, the rate of change turned negative and the final retail price is expected to come down.

Zhuo Chuang Information Oil Product Analyst Yan Wengang also judged that, from the latter half of this cycle, WTI continues to bear the pressure of US production increase, while Brent’s potential support for geo-risk still exists, and the probability of international crude oil to rise or retreat All in. Judging from the current trend of oil prices, the possibility of a downward adjustment in domestic refined oil prices will be relatively large. Therefore, the current round of refined oil price adjustment may usher in the fourth time during the year, after the previous three cuts occurred on February 9, February 28, and April 30 implementation of the VAT reduction.

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