The hottest international oil price broke through

2022-08-06
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The international oil price broke through $59, hitting a six-month high <2.0mm); Suzuki (ABP ⑴ 520new/p>

the international oil price broke through US $59, hitting a six-month high

May 13, 2009

[China paint information] Yesterday, the international oil price first fell and then rose. As of 4:29 p.m. in Beijing, the latest quotation of June crude oil futures in New York broke through $59 a barrel, a six-month high. It is reported that at present, the principle conditions for the price adjustment of refined oil have been met, but the market situation and the trend of international oil prices still need to be observed. Whether to adjust or not will be known in the near future

the international oil price keeps rising. Last week, affected by a series of good news, such as the slowdown in the growth of the US unemployment and the unexpected decline in gasoline inventories, the international oil price rose for three consecutive trading days, standing above $58 per barrel. On Monday, the rebound of the US dollar and the decline of US stocks led to the suspension of the upward pace of crude oil for many consecutive days. However, investors believed that the bad stage of the global economy had passed, which limited the decline of oil prices to a certain extent. Yesterday, affected by the overnight correction of U.S. stocks, the international oil price first fell and then rose. As of 4:29 p.m. Beijing time, the latest quotation of June crude oil futures in New York broke through $59 a barrel, a six-month high. Some analysts said that since late April, the upward trend of international oil prices has remained intact. Unless the data prove that the US economy has experienced substantial deterioration again, oil prices will not continue to fall back from the current level

for a while, there were rumors in the market that the oil price of domestic finished products may rise at any time in the near future. It is understood that the national development and Reform Commission last adjusted the oil price on March 25, when the crude oil price on the New York Mercantile Exchange was about $43 a barrel; As of press time yesterday, the oil price on the New York Mercantile Exchange had exceeded $59 a barrel. According to the measures for the administration of oil prices (for Trial Implementation) officially released by the national development and Reform Commission last Friday, when the moving average price of crude oil in the international market has changed by more than 4% for 22 consecutive working days, the price of domestic refined oil can be adjusted accordingly. In this regard, the relevant person in charge of the price department of the national development and Reform Commission said that although the conditions have been met in accordance with the principle of price adjustment of refined oil, it is necessary to observe the market conditions and the customer's choice: the trend of international oil prices, whether to adjust or not, will be known in the near future

in fact, it was reported that the national development and Reform Commission formally raised the domestic oil price of finished products from 0:00 on the 8th, Professor liuchuntai/executive deputy director of the National Engineering Research Center for rubber and plastic moulds of Zhengzhou University, but the final price adjustment order was not launched as scheduled. In this regard, some experts analyzed that the current time is the domestic spring planting season, when the economic burden of the price adjustment farmers will be increased; In addition, the domestic economic operation has just improved, and the price adjustment will increase the transportation and logistics costs. This is probably the reason why the government is still slow when the conditions for price adjustment of refined oil have been met

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