In detail, this wave of crude oil prices has lasted for 22 months, and the two oils in the United States and Burundi have risen from no more than $16 / barrel to more than $92 / barrel last week, a large part of which is due to the continuous control of production by OPEC+, even if the supply of crude oil has begun to fail to keep up with demand half a year ago.
At the end of last week, the Iranian nuclear agreement made unprecedented progress, the expectation of Iranian crude oil re-entering the market was strengthened again, the situation in Western Europe eased by superimposing France and Russia reached a preliminary opinion, and the price of crude oil fell continuously and fell below $90, which was thought to be an opportunity for crude oil prices to fall, but yesterday's intraday crude oil prices rose by about 1%, breaking through $90 / barrel again, a proper "oil strong".
The initial oil price of this round of oil prices continued the previous two rounds of rising momentum, although the overall increase in oil prices was not as good as the previous two rounds, but this round of oil price increases are also not small, reaching 160 yuan / ton in the morning, the fourth working day oil prices ushered in the first decline in this round of pricing, the increase was reduced to 150 yuan / ton, but the previous day's crude oil rate of change was slightly positive expansion, oil prices also stopped falling, and may continue to rise because of the average price of crude oil.
As of press time, oil prices rose by 150 yuan / ton, the average price of crude oil rose slightly by 0.08 US dollars to 90.60 US dollars / barrel, and the rate of change of crude oil was positively expanded to +3.08% (+3.04 the day before), because the current round of oil price pricing work has not been fully completed, and taking into account the deviation in calculation, the data is for reference only, according to this increase, the retail price of gasoline and diesel will rise by 0.11-0.12 yuan.
According to statistics, the current national average retail price of No. 92 gasoline is 7.7 yuan / liter, the average retail price of No. 95 gasoline is 8.24 yuan / liter, the average retail price of No. 0 diesel is 7.33 yuan / liter, from the perspective of oil price changes in the past 7 years, the oil price at this level is only lower than october 2018, when the average price of No. 92 gasoline is 7.99 yuan / liter, and The average price of No. 95 gasoline is more than 8.5 yuan / liter, according to the principle of ten working days, this oil price adjustment will be started on February 17.
Crude oil prices began to rise again after a day of retreat from a high of $94/b, as U.S. crude inventories fell by 4.756 million barrels in the week ended Feb. 4, after an increase of 1.5 million barrels, and weekly production from U.S. oil fields increased from 11.5 million b/d to 11.6 million b/d.
At the same time, OPEC+ is not in a hurry to restore supply to pre-epidemic levels, OPEC+ will continue to increase production in March by 400,000 bpd, but the problem is that OPEC+ crude oil production also increased by 400,000 b/d in January, but due to the reduction of spare capacity, the actual increase in production in February was further below the target.
According to data, OPEC+ actual production in January increased by nearly 260,000 bp/37.94 million b/d, 800,000 barrels lower than the original target production target, as spare capacity tightens, the organization is increasingly difficult to keep up with the monthly 400,000 b/d increase agreement, the agency expects that by the end of March, OPEC+ idle capacity may continue to fall to 3.8 million b/d, strong demand data and lower supply levels to stabilize crude oil prices.
However, some experts caution that as the RSI indicator changes from overbought to a sell signal, crude oil prices may face a greater correction in the coming days.
Today, February 11, the latest price limit for gasoline and diesel at gas stations No. 92 and 95