·The oil price on Friday or the fourth reduction in the year

The reporter learned from a number of social monitoring agencies that on June 8, the price limit for refined oil will welcome the adjustment window. Since the current pricing cycle, the oil-producing countries such as Saudi Arabia and Russia have continued to bear the bearish market, and the international oil price decline is dominant. At that time, the domestic oil price will be lowered for the fourth time in the year.

According to the calculation of Jinlian, as of the sixth working day of June 4, the average price of reference crude oil is 73.26 US dollars / barrel, the rate of change -3.04%, corresponding to the price of gasoline and diesel is reduced by about 100 yuan / ton. The data monitored by Zhuo Chuang Information is -2.85%, which corresponds to a reduction of 105 yuan/ton for gasoline and diesel.

Jin Lianchuang analyst Li Yang believes that due to previous market rumors that oil producers may increase production, oil prices have plummeted, but the news that oil producers continue to extend production cuts has caused oil prices to stop falling, but crude oil market may still maintain a volatile trend in mid-June. During the latest round of pricing, the rate of change turned negative, and the final retail price is expected to decline.

Ju Wengang, an analyst of Zhuo Chuang Information Oil Products, also judged that from the second half of the cycle, WTI continues to bear the pressure of increasing US production, while Brent’s potential support for geo-risk still exists, and the probability of international crude oil reversing or compensating for losses All in. From the current trend of oil prices, the possibility of a downward adjustment of domestic refined oil prices will be relatively large. Therefore, this round of refined oil price adjustment may usher in the fourth reduction in the year, the previous three downward adjustments occurred on February 9, February 28, and April 30 implementation of the VAT reduction.