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Today, we focus on this choppy oil price and discuss the current ups and downs of oil prices with car owners. The international crude oil market has experienced a turbulent wave in recent days, and crude oil prices once plunged, but then quickly rebounded, rising 3% overnight. Brent crude returned to $87 a barrel, a new high for the week. The ups and downs of the international crude oil market are like a roller coaster, and the trend of falling domestic oil prices has been disrupted again.
Domestic refined oil price adjustment has ushered in the 20th round, and this round of changes is like a short storm, and the speed of change is like a momentary thing. At the beginning of the price adjustment, oil prices showed an upward trend, but not long ago, there was a sudden decline, but on the eve of the price adjustment, the oil price rally rebounded sharply again, resulting in a change in the direction of the oil price that was originally expected to be lowered. The decline decreased by 20 yuan / ton, only exceeding the red line of price adjustment by 10 yuan / ton, and the big decline that was about to usher in turned into a slight decline. This price adjustment is about to take effect tonight, and the fluctuation of oil prices has to be concerned.
This round of oil price adjustment will be implemented at 24:00 on October 10. During this month's oil price volatility, car owners have experienced the vagaries of the fall. Not so long ago, they had just cheered for falling oil prices, but soon faced an upward spiral. Car owners, who have been looking forward to a drop in oil prices, have voiced their support for the decline in this turmoil.
This rapid rebound in oil prices is mainly affected by changes in the international situation. Iran's crude oil exports may have been affected, as recent tensions between Israel and Hamas have exacerbated instability in the Middle East, further affecting the stability of Iranian oil exports. In addition, the question about Russia is working. According to the latest news, Russia remains firmly opposed to lifting the ban on gasoline, which further boosted oil prices.
However, hopes for lower oil prices remain. At one point, the United States raised interest rates to scare off the rise in oil prices, but in the face of repeated fluctuations in oil prices, the United States has taken some actions. They may impose a $60 cap on Russia, mainly in response to Russia's evasion of oil sanctions. The move has raised hopes for lower oil prices. In addition, the probability of a Fed rate hike has increased, which further stimulated downside sentiment.
In summary, oil prices have experienced sharp fluctuations in a short period of time, and the situation of international crude oil supply and demand has also changed. Going forward, we will closely monitor Iran and other international factors to determine whether it will be conducive to the decline in oil prices. The decline in domestic oil prices has also changed, and this time the decline has been really turbulent.
It should be noted that the ups and downs of oil prices are full of uncertainty, and car owners still need to pay close attention to market dynamics when refueling. We will continue to monitor oil prices and provide car owners with the latest information and advice. Let us all look forward to the stability and rationality of oil prices.