The domestic oil price adjustment window opens on the 12th or two consecutive rises

At 24:00 on July 12, a new round of domestic refined oil price adjustment window will open. After the last round of oil price hikes, agencies predict that the current round of refined oil prices may continue to rise, and there will be "two consecutive rises."

Yu Yaxin, a refined oil analyst at Zhuo Chuang Information, believes that from a fundamental point of view, the main good news for international oil prices in this pricing cycle comes from two aspects. On the one hand, U.S. crude oil inventories have dropped significantly, and oil prices are supported; on the other hand, Saudi Arabia announced that it will extend its voluntary oil production cuts until the end of August, and at the same time raise the official selling price.

"The above two factors lead to more cautious and optimistic market sentiment, and the bottom support of oil prices has further strengthened. Overall, international crude oil prices have fluctuated and risen, the average value of crude oil prices has risen month-on-month, and the rate of change of crude oil for domestic reference continues to be positive Operating within the range. Affected by this, the domestic refined oil retail price limit is likely to increase.”

According to agency estimates, as of the ninth working day of the round of refined oil price adjustment cycle on July 11, the average price of reference crude oil is US$73.92 per barrel, with a change rate of 1.96%. 120 yuan, equivalent to an increase of about 0.1 yuan per liter of gasoline and diesel.

After this round of adjustment, what is the follow-up oil price trend?

"Looking at the market outlook, international oil prices are expected to fluctuate and rise." According to Hu Xue, an oil analyst at Jinlian Chuang, the crude oil market is currently in a state of volatility and wait-and-see, and the news is biased towards positive.

Yan Jingwen, an analyst at Longzhong Information, predicts that international oil prices may rise first and then fall in the third quarter, but the overall upward trend is still blocked, and it is difficult to show a very strong performance.