Today's oil price update: Today, Monday, October 21. According to the rules of oil price "10 working days" adjustment, 2 days later to usher in the 21st oil price adjustment this year, in the first oil price adjustment in October, oil prices just rose once, ending the previous downward trend, but in terms of the current international oil price trend, oil prices are expected to fall again in October, everyone reminds each other that oil prices are expected to be lowered again this week.
Two days later, the 9th oil price drop this year is still in sight
Both OPEC and the International Energy Agency expect weaker demand and a worrying market outlook for crude oil prices. The easing of supply concerns and the weakening of global demand have prompted international oil prices to continue their downward trend, which plunged more than 8% in the week last week. Among them, United States crude oil fell by $6.34, or 8.39%; Brent crude oil also fell by $5.98, down 7.57%, which undoubtedly contributed to the continuous decline of domestic refined oil! Fall! Descending views. The expected increase in oil prices, which had previously risen by nearly 3 cents per liter, has shrunk continuously and fallen to the brink of stranding. Now there are still 2 days before this round of oil price adjustment, and the time is also allowed to allow oil price statistics to "change from rising to falling", everyone told each other that after 2 days of oil price adjustment, the 9th oil price drop this year is still in sight.
On October 21, the domestic reference crude oil change rate on the 8th working day was 1.26%, and it is expected that gasoline and diesel will be raised by 60 yuan/ton, which is converted to 0.04-0.05 yuan/liter, and the price adjustment time will be 24 o'clock on October 23. Oil prices are falling.
The statistical table of crude oil data and refined oil price forecast trend is as follows:
International crude oil market update: United States oil production continues to grow, EIA data shows that production has reached an all-time high. However, weak global demand and the possibility of oversupply are likely to continue to weigh on the recovery in oil prices.
The latest international oil price information: As of the close of trading on Saturday, the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell $1.45, or 2.05%, to close at $69.22 a barrel. London Brent crude futures for December delivery fell $1.39, or 1.87%, to settle at $73.06 a barrel.