International oil price change rate breakdown 4% Red Line

Source: Internet
Author: User
Keywords Oil crude
Tags analysis analysis report beginning change close closed market market price
International oil price change rate breakdown of the 4% red line at the beginning of November the retail price of refined oil may rise in the news although international oil prices in Lianzhi rose back to two weeks low, but the domestic oil price hike is difficult to avoid.  Yesterday, the Energy Release analysis report, said the three crude oil price change rate has penetrated 4% "red line", the oil market in early November will meet the adjustment window, is expected to steam, diesel per ton or about 300 yuan, corresponding to the retail price of steam, diesel may rise by two cents per litre. In the early hours of yesterday's close, the New York market was closed at $77.46 a barrel, down 2.09 dollars from the previous session; Crude oil futures in London, North Sea Brent, in December, fell 2.06 US dollars and closed at $75.86 a barrel.  But analysts say international oil prices will remain volatile in the short term and are unlikely to enter a continuing downward path. According to the source of energy statistics, the three-place crude oil moving weighted average price change rate 27th has been basically satisfied with the necessary conditions for refined oil price adjustment, 22 consecutive working days weighted average change rate of 4.6%, and as at 28th, the mobile rate of change increased to 5.6%.  According to the National Development and Reform Commission published in May this year, "Oil price management Method (trial)" stipulates that the international market crude oil for 22 consecutive working days moving average price changes more than 4%, the corresponding adjustment of domestic oil prices. Analysts calculate, assuming that in the next few days, New York oil holding stable at 78 to 79 U.S. dollars, so as of November 4, the three crude oil 22 working days weighted average rate of change will reach 8%-9%, up to now nearly 5%, the oil product theory will be higher than the current forecast of nearly hundred yuan. Even considering the small probability of a slump in crude oil, New York oil prices fell below 70 U.S. dollars, the three-place crude oil weighted change rate will be more than 5%, so the new round of oil price adjustment is inevitable.
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