Domestic oil price reduction expected to increase

The New York Mercantile Exchange crude oil futures June 8 fell to 60 U.S. dollars per barrel near, this for the 6th consecutive trading day fell, the data show that the United States a week before the increase in gasoline inventories than market expectations.　　Our province analysts pointed out that the oil price reduction is expected to increase gradually. The price is expected to fall in late July, the international oil price has slipped 16% since June 29.　　July 9 2:30 (Beijing time), the New York Mercantile Exchange August crude oil futures settlement price lower 2.79 U.S. dollars, about 4.43%, 60.14 U.S. dollars a barrel, this is the lowest settlement price since May 19.　　Our provincial oil industry analysts believe that this situation and the oil price adjustment said "international oil prices in the 70 dollar shock" gap is large, such as international oil prices no longer rebound, according to the last oil price adjustment time calculation, domestic oil prices are expected to be lowered in late this month. Inventory of the impact of oil supply and marketing on 10th, Shijiazhuang oil market situation, petrochemical No. 0 diesel in 6100 yuan to 6200 yuan/ton, according to the shipment can still be discounted. Shandong Local refinery from 7th to 10th, also has a price of about 200 yuan. "At present petrol gas station refueling, 93rd oil with cash per litre discount 5 cents, with refueling card 8 cents per litre discount, can be used in all petrochemical oil station convenience store in Shijiazhuang."　　"The provincial capital Heping East Road One oil station Personage said, Sinopec Shijiazhuang Branch Company is carrying on the promotion in recent days." Shijiazhuang, the private oil companies, Mr. Yan said, he is still watching the trend of oil prices, over time may engage in promotional activities. Analysts said that the current situation is the increase in oil inventories over the impact of more than expected decline in crude oil inventories, the two major companies are sales are weak, the industry generally see a weak mentality, short-term market improvement is weak.