International Oil Price Falls Below 100 Yuan Mark &Nbsp; Domestic Oil Product Is Not Expected To Rise In May.
International oil price
On the 5 day, the oil price drop in New York and London was over 8%.
New York oil price
Below 100 dollars per barrel.
Analysts believe that short-term international crude oil prices may continue to decline, the annual oil price trend is more cautious.
Affected by this, the pressure of domestic oil price increase will ease accordingly. The market expected domestic retail price of refined oil in May could rise again.
The high price of international crude oil caused by geopolitical risks has been running for more than three months. China is also under the pressure of rising oil prices and raising the cost of economic operation.
In April 7th, after the second retail price of refined oil was raised in April 7th, the average price of crude oil of Brent crude oil, crude oil and three oil in the first place was 120.146 US dollars in May 5th. The crude oil price rate in three places was 6.859%, which exceeded 4%.
Price adjustment red line
。
Experts believe that the 5 day commodity market rare collapse, reflecting speculators concentrated short selling, is expected to short-term internal and external market or hard to rebound, by May 10th, the domestic oil price adjustment window opened, the three crude oil price change rate may fall to 4%, or even narrowed to below 4%.
According to the policy of "slow rise and fast fall" which has been implemented by the relevant departments of the state, the price rise of domestic refined oil expected in the middle of May may fail.
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