The price of oil fell for the first time

At 24:00 tomorrow, a new round of oil price adjustment window will open. Yesterday, a number of market institutions forecast that the current round of oil prices will continue to be reduced, gasoline and diesel prices cut by about 0.08 yuan per liter. With the previous three consecutive cuts, the current round of oil price cuts will constitute the first time in nearly 6 years that the price of oil has fallen "four consecutively."

Zhuo Chuangxin's analysis report pointed out that although the US crude oil inventories continued to decline, but because the US Energy Information Administration and OPEC once again lowered the global oil forecast, the price of European and American crude oil futures continued to decline. Affected by this, as of the eighth working day of the current round of the oil price adjustment cycle last Friday, the international crude oil change rate has dropped to -1.58%, and the corresponding domestic oil price has been reduced by 100 yuan/ton, which is equivalent to gasoline and diesel per liter. Down by about 0.08 yuan.

Zhu Huichun, an analyst at Zhuo Chuang, said that if the current round of oil prices continues to decline, it will be the first time since the domestic retail price adjustment in 2009 that the “four consecutive falls” situation has emerged.

Starting from July of this year, domestic oil prices have been lowered three times in succession on July 22, August 18, and September 2, which was plagued by a correction of oil prices on August 4. This year, domestic oil prices have gone through 17 adjustment windows, of which 7 down, 4 up, and 6 down. At present, the price of gasoline and diesel in the country has dropped to a new low in the past two years, basically equal to the price in July 2012.