Domestic oil price rises red line again test

Source: Internet
Author: User
Keywords Oil
International oil price station 70 U.S. dollars per barrel (reporter Li Junjon) International oil price 9th stand on the new level of 70 dollars a barrel, its rise again test the domestic oil price rise set 4% "Red Line". 9th, the international oil price rebound, the New York market oil prices for the first time in a barrel of more than 70 U.S. dollars, reached a 7-month high. On the day of the close, the New York Mercantile Exchange July delivery of light crude oil futures prices rose 1.92 U.S. dollars, closed at 70.01 U.S. dollars per barrel.  The price of crude oil futures in London, North Sea Brent July, rose 1.74 US dollars and closed at $69.62 a barrel. The reason for the rebound in international oil prices has been the direct impact of the dollar's softening and the US Department of Energy's expected increase in demand for crude oil. On the same day, commodity futures prices were generally higher in dollar terms. The US energy intelligence agency's latest forecast to increase the global daily demand for 10,000 barrels of crude oil has made the rally even more violent.  It is the agency's first increase in demand for crude oil in 2009 since last September, giving the market a steep return to confidence in the second half of the economy. At present, there is a distance between China and the international oil prices, and the new round of international oil prices will undoubtedly make the upward pressure on domestic oil prices suddenly increased. Recently promulgated in the domestic oil price management measures, when the international market crude oil for 22 consecutive working days of moving average price changes more than 4%, can adjust the domestic oil prices.  The monitoring results of the domestic Energy Information net interest Energy show that if the latest domestic oil price adjustment date is the benchmark day, as of June 9, Brent, Dubai, Sinta crude oil weighted average price has reached 7.82%. The National Development and Reform Commission June 1 raised the domestic gasoline and diesel price per ton of 400 yuan, but three days after June 4, China set the 4% price "red line" was easily breached.  On the same day, the price weighted average of three oil prices has been 4.86%. The sharp surge in international oil prices has led to a rise in coal-oil stocks, making the latter the most direct beneficiaries. Yesterday, China Shenhua, China Petroleum and Sinopec, the three major energy stocks in the A-share market, were in the forefront of the rise.
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