Next week the oil price adjustment or stranded due to international crude oil prices fell back
On Monday (May 25), the window for setting the prices of domestic refined oil is reopened. It is expected that a number of agencies to stop the rise in international crude oil prices fell due to the adjustment of domestic oil prices will face aground Friday.
Beijing time on May 20, the WTI (West Texas Intermediate US crude) prices fell to $ 57.26 / barrel, the highest since April 29, the lowest closing level, Brent fell to $ 64.02 / barrel. Treasure Island, according to estimates from the current round of the seventh working day, the reference price for crude oil varieties $ 63.45, corresponding to gasoline and diesel increased rate of 20-30 yuan / ton, the price of domestic refined oil of $ 50 failed to meet the bottom line.
Oil analyst Zhuo Advisory Hu Huichun told reporters that the situation changed and abundant global oil supply, the exchange rate of the dollar in the short term increased, the recent volatility in crude oil futures drag downward in the exchange rate He fell back stop rising, the current round of oil price increases the likelihood of facing aground.
According to the pricing model Zhuo, the current corresponds to increase by 20 yuan / ton. If the remaining three days, crude oil a day jumped $ 5 / bbl or won $ 6 / barrel, the current round of oil prices rose slightly situation. However, Hu Huichun believes that the current market is flooded with long and short messages, or short-term crude oil continued to fall to shock the possibility of increase is unlikely.
