Domestic oil prices have been rising for two consecutive years

At 0:00 on September 19, domestic refined oil welcomed two consecutive increases. The maximum retail price of gasoline and diesel oil was increased by 125 CNY/ton, and the refined oil in Guangdong market was increased by 6.76 yuan/liter for No. 92 oil and 7.32 yuan/liter for No. 95 oil, respectively, by 0.10 yuan/liter and 0.11 yuan/liter.

"The world crude oil is up for the eleventh time this year, and the cumulative increase this year is over 300 CNY/ton." Zhongyu Information Analyst Liu Biao said. Prior to the current cycle, Brent crude oil futures had been volatile for more than a month in the roughly $58-61 range. The crude oil market before the Mid-Autumn Festival, although there are ups and downs, but everything is still not alarming. Fluctuating crude oil also makes this round of price adjustment expectations have been hovering on the edge of stranding. But soon a sudden change took place. The attack on Saudi oil facilities and the potentially worsening situation in the Middle East caused oil prices to jump sharply on Monday after the holidays, with a peak increase of more than 19%. Even after a later decline, the closing price rose by more than 14%, the biggest one-day increase in more than a decade.

The next round of price adjustment window will be opened at 24:00 on October 8. According to the forecast of many institutions, domestic oil prices may usher in three consecutive rises. Liu Biao, an analyst with Zhongyu Information, said that from the reaction of the crude oil market and the current news of the crude oil market, the sensitivity of the crude oil market to risk is high, and the oil price may remain at a higher level in the earlier period. On the basis of the adjustment of domestic oil prices, there will be a greater probability of three consecutive increases.