Today's oil price update: Today, Friday, October 18. Oil prices have just been raised once in the last week, which has led to a return to the price of oil since the end of July. According to the rules of oil price adjustment, oil prices will usher in the 21st adjustment this year next week, benefiting from the continuous plunge in international oil prices, prompting oil prices to fall by more than 190 yuan/ton, and the oil price data that rose sharply at the beginning has shrunk sharply. Everyone told each other that oil prices were falling in October.
The oil price of the "big start" is falling
Benefiting from the easing of tensions in the Middle East and OPEC's three consecutive downward revisions to the demand for crude oil market, international oil prices have plummeted this week. Affected by this, the current round of oil price data at the beginning of the big rise has achieved a continuous decline! Fall! The beauty of the fall, oil price statistics to achieve "five consecutive drops", oil prices are expected to rise from the previous 305 yuan / the highest level to the current 110 yuan / ton, now from October 23 oil price adjustment window to open 5 days, from the time point of view, oil prices "from the rise to fall" probability is still larger.
On October 18, the reference crude oil change rate on the 7th working day in China was 2.29%, and it is expected that gasoline and diesel will be raised by 110 yuan/ton, which is converted to 0.09-0.10 yuan/liter, and the price adjustment time will be 24 o'clock on October 23. Oil prices are falling.
The statistical table of crude oil data and refined oil price forecast trend is as follows:
International Crude Oil Market Update: The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) have lowered their forecasts for global oil demand in 2024. Oil prices remain under pressure due to slowing demand and persistent geopolitical risks in the Middle East.
The latest price of international oil prices: As of the early morning of October 18, [international oil prices (OPEC WTI crude oil) fell] The price of light crude oil futures for November delivery on the New York Mercantile Exchange fell by $0.10 to $70.29 per barrel, a decrease of 0.14%. London Brent crude futures for December delivery fell $0.28, or 0.38%, to $74.21 a barrel.