At 24:00 on May 30, a new round of domestic refined oil price adjustment window will open. Following the previous "two consecutive declines" in refined oil prices, institutions predict that the current round of refined oil prices may rise.
Data map: gas station. Photo by Ge Cheng, Sino-Singapore Finance and Economics
Yang Xia, a refined oil analyst at Zhuo Chuang Information, believes that during the current pricing cycle, international crude oil fluctuates and rises. Although there will be a large one-day drop in the later period, the current domestic reference rate of change is still in the positive range, and the current round of domestic refined oil retail price limit increases has a high probability.
According to agency estimates, as of the ninth working day of the refined oil price adjustment cycle on May 29, the average price of reference crude oil is US$74.36 per barrel, with a change rate of 2.29%. It is estimated that domestic gasoline and diesel will increase by about per ton 100 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?
"In the short term, it is expected that oil prices may still fluctuate within a narrow range." According to Wu Yan, an analyst at Longzhong Information, at present, the supply side of crude oil has not changed, and investors' worries about economic recovery will put pressure on oil price.
Yang Xia also held a similar view. As the Republicans in the House of Representatives reached an "agreement in principle" with the White House on solving the US debt ceiling issue, international oil prices were boosted. In the later stage, the short-term performance may be strong.