Oil price has dropped!National Day travel, save another pen →

According to the National Development and Reform Commission, the new round of refined oil price adjustment window will be opened today (September 21) at 24:00. According to the monitoring of the National Development and Reform Commission's price monitoring center, the international oil prices have fallen sharply during this round of oil -adjustment cycle (September 6th -September 20th). On average, Brent in London and WTI in New York decreased by 6.42%lower than the previous round of price adjustment.

CCTV Financial reporters learned from the National Development and Reform Commission that the specific situation of the oil price adjustment is as follows: Domestic auto and diesel retail price limits are reduced by 290 yuan and 280 yuan per ton, respectively.

Looking at the average nationwide:

No. 92 gasoline is reduced by 0.23 yuan;

No. 95 gasoline is reduced by 0.24 yuan;

No. 0 diesel is reduced by 0.24 yuan.

CCTV Financial reporter calculates you a account. According to the 50L capacity of the general car fuel tank, it will be added with a box 92 gasoline and will spend 11.5 yuan less.

The market accelerates selling crude oil futures

Oil price fell sharply

During the price adjustment cycle, the developed economy opened the "radical rate hike" or even the "violent interest rate hike" cycle. The Bank of Canada announced the raising benchmark interest rate to 3.25%, the highest value since 2008; the Swedish central bank has increased the benchmark interest rate from 0.75%to 1.75%, the largest increase in the past 30 years; Since the official circulation of the euro, the maximum rate hikes have been raised. The US CPI and core CPIs in August are higher than expected. The market generally estimates that the Fed will raise interest rates of 75 basis points. In developed economies, the market is concerned about the slowdown of global economic growth and the decline in demand for crude oil, and they have sold them in response. The US dollar index hit a new high of 20 years and also suppressed crude oil prices. Brent oil prices in London once fell below $ 90 per barrel. On average, Brent and New York's WTI oil prices decreased by 6.77%and 6.07%compared with the previous price adjustment cycle, respectively.

The National Development and Reform Commission Price Monitoring Center predicts that oil prices may increase in the short term, and the possibility of continuing decline will not be ruled out. On the one hand, the market is concerned that a sharp interest rate hike will cause damage to the growth of global economy and crude oil demand, which will cause suppression of oil prices. On the other hand, the increase in US crude oil and refined oil inventory has announced the extension of strategic oil reserve release plans. However, the game between the United States and Western and other oil -producing countries may trigger a new round of European energy crisis and further cut the global crude oil market. This is an important uncertainties that affect oil prices.

Source: CCTV Finance

Edit: Chen Xiaofang

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