Language

February 28, a new round of oil prices or ushered in the "four consecutive rise"


Classification:

Time:2019-02-23

【Summary】The new round of 10 working days pricing cycle of domestic refined oil products is gradually advancing, and the price adjustment time will soon be ushered in. For the majority of car owners, it is estimated that the oil price will rise again this time. According to the major media sources on the whole network, it is vaguely indicated that this time is expected to achieve the largest increase in the year.

The new round of 10 working days pricing cycle of domestic refined oil products is gradually advancing, and the price adjustment time will soon be ushered in. For the majority of car owners, it is estimated that the oil price will rise again this time. According to the major media sources on the whole network, it is vaguely indicated that this time is expected to achieve the largest increase in the year.

That is to say, the four price adjustments in the past two months this year have all gone up and closed the palace. This price adjustment will start at the end of February, and the four consecutive increases may be certain!

The data shows that as of the fourth working day in China, the rate of change of comprehensive crude oil varieties is 6.19. The current oil price forecast is increased by about 270 yuan/ton, which is converted into a price increase of about 0.21 yuan/liter. The detailed time of price adjustment is February 28, 2019 24:00.

From the prediction of the trend of oil prices, it is not difficult to see that there is no hope for oil prices to fall, and this time it is estimated that we have to be prepared to rise again.

According to the report, OPEC and its allies reached a consensus at a meeting in early December last year to move towards the goal of reducing production by 1.2 million barrels per day from 2019. For more oil information, please pay attention to WeChat public number oil circle. In January, OPEC cut production by an average of 797,000 barrels per day. In terms of total output, OPEC's average daily output in January was 30.8 million barrels, down from 31.6 million barrels in December last year.

Saudi Arabia's average daily production in January was 10.2 million barrels, down about 350000 barrels from December last year. In addition, U.S. economic sanctions against Iran and Venezuela have also supported oil prices.

As of the close of the day, the price of light crude oil futures for March delivery on the New York Mercantile Exchange rose 0.50 US dollars to close at 56.09 US dollars per barrel, an increase of 0.90. London Brent crude for April delivery fell $0.05, or 0.08 per cent, to $66.45 a barrel. (China Energy Network)


Related Content