Crude oil futures fell below 66 U.S. dollars, the domestic refined oil down the window to open
Time:2009-09-30 Read:1787second
As of today, Beijing time 2:30, the New York Mercantile Exchange in November light, sweet crude futures contract fell 3.08 U.S. dollars to close at 65.89 U.S. dollars, down 4.5%. Session in November contract's highest value of 68.77 U.S. dollars, a minimum of 65.60 U.S. dollars, below 66 U.S. dollars / barrel, setting a July 29 intraday price since the most recent contract low.
23, the morning of the U.S. Energy Information Administration (EIA) announced that, as of September 18 when the week, U.S. crude oil, gasoline and distillate stocks increased significantly. Originally estimated to reduce 1.5 million barrels of crude oil has increased by 2.8 million barrels to 3.356 million barrels. The downstream consumption far from ideal, as of September 18 when the week, U.S. gasoline stocks rose 5.4 million barrels to 2.131 million barrels, estimated at an increase of 40 million barrels; distillate stocks increased by 300 million barrels to 1.708 million barrels, a record 26-year high. After the release of inventory data, Europe and the United States crude oil futures fell instantly.
Analysts believe that the oil city of extremely unfavorable EIA inventory data once again shows that the United States, oil consumption did not recover. Next, oil is likely to drop back to 59 U.S. dollars.
According to the announcement of the "oil price control measures (for trial implementation)" in Article VI of the notification, when the international market of crude oil row 22 days moving average price changes more than 4%, it can adjust the domestic prices of refined oil.
In international oil prices fell sharply for several days, the three places (Brent dtd, Cinta, Dubai) of crude oil has exceeded the rate of change moving -4%. As long as there are no sharp rebound in the future, the price of a temporary price adjustment in line with the standards prescribed by the state. Due to the time near the end of oil price adjustment of the time window has been opened, so the market for refined oil products rose sharply lowered expectations. (Yao Liying)