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Now the oil price is more than 7 yuan, last year's crude oil as low as 40 US dollars / barrel, why did not China bottom up the oil?

author:Extraordinary leaf 43

The trend of oil prices has always been the focus of attention of major car owners. Although China's oil prices have fallen at present, before that, China's oil prices have climbed all the way this year, and so far The 92 oil is still higher than 7 yuan. It not only brings great pressure to the travel of car owners, but also greatly increases the transportation costs of all walks of life in China.

Now the oil price is more than 7 yuan, last year's crude oil as low as 40 US dollars / barrel, why did not China bottom up the oil?

As we all know, the trend of domestic oil prices is basically synchronized with international oil prices. Compared with last year, the international crude oil price this year has remained at a relatively high level. As of December 9, the price of WTI light crude oil in the United States was $70.94 a barrel, and Brent crude oil in London was $74.42 a barrel.

Looking at December 1 last year, the price of WTI light crude oil in the United States was only $44.55 a barrel, while the price of Brent crude oil in London was only $47.42 a barrel, a barrel nearly 30 yuan less than this year.

Now the oil price is more than 7 yuan, last year's crude oil as low as 40 US dollars / barrel, why did not China bottom up the oil?

And this is not the most outrageous, because the price of light oil in the United States is too low, resulting in the "crude oil treasure" of the Bank of China. On April 20 last year, the May futures settlement price of US light crude oil appeared at an outrageous price of -37.63 US dollars a barrel, which immediately triggered the explosion of "crude oil treasure", which not only made customers bear high losses, but also fined 50 million yuan by the Bank of China.

On April 22 last year, the price of light crude oil in the United States was only $14.38 a barrel, and the price of Brent crude oil in London was only $19.88 a barrel, falling below $20, which can be said to be comparable to the "cabbage price".

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