Industry insiders say the recent domestic oil prices may cut
Morning News (press Zhou Zhihong) affected by the downturn in international oil prices, long-awaited official opening price of oil down the window yesterday. Data show that, as of July 7, three consecutive 22 days moving average international crude oil prices broke through the 4% rate of change, oil prices down the two conditions are in place, some sectors believe that the fastest these days will lower oil prices.
It is understood that, because July 1 is the domestic price adjustment following the previous valuation, after the expiry of this time, but the rate of change was not yet three of crude oil to meet the 4% decline in oil prices does not make adjustment. From the June 28 start of the week, the international oil prices fell about 8%, resulting in all walks of life have previously predicted that price adjustment window will be opened this weekend. And now, the situation may come down even more fierce.
interest rates yesterday, Wong energy data, as of July 7, the three rate of change of international crude oil prices reached 4.08%. Thus, lower oil prices, two conditions have been met. China's gas station network, said chief economist Huang Shunjing, according to past experience, different from the price of oil increases, the general price drop in the National Development and Reform movements are very fast, especially in lower oil prices and curb inflation objectives. Some analysts even believe that "down in the past few days."
but is worth noting that as of Wednesday, U.S. crude oil futures contract price of the NYSE changed after consecutive days of decline, a day rose 2.9%, to close at 74.07 U.S. dollars / barrel. Some in the industry worry that if prices continued to rise up, oil prices will be adjusted to bring variables.
