Today's oil price update: Today, Sunday, October 20th. Oil prices are about to usher in a new round of correction next week, and last week oil prices ushered in the first increase since late July, which made the oil prices that fell this year rise a little more. And after entering a new round of oil price adjustment, oil prices continue to rise, fortunately, with the recent resumption of the international oil price slump, the increase is getting less and less, and now it depends on whether oil prices can continue to fall next week.
Plummeted! Oil prices "fell for three consecutive months"
Riders who often pay attention to the "Today's Oil Price Latest Information" article know that from the end of July to the end of September, oil prices have fallen continuously! Fall! The beauty of the fall, five oil price adjustments, except for one stranding, achieved "four consecutive falls", and one of them fell by more than 360 yuan/ton, realizing the "largest" oil price reduction in 2024. Although there was a new increase in oil prices in early October, oil prices are still in a downward phase this year.
Up to now, this year has carried out 20 oil price adjustments, showing a "8 rises, 8 falls and 4 stranded" adjustment pattern, after the amount of the rise and fall offset each other, gasoline and diesel fell by 75 yuan / ton and 70 yuan / ton respectively, although the overall decline in oil prices is very small, but compared with the first half of the year of the sharp rise in oil prices has fallen sharply. Everyone told each other that oil prices plummeted, achieving a three-month consecutive decline.
The 20 rounds of oil prices that have been adjusted so far this year:
3 days later, it was adjusted, and the rise of gasoline in October 92 and 95 fell again, and oil prices are expected to fall again in October!
In the first round of oil price adjustment in October last week, although the implementation of the upward adjustment ended the trend of "four consecutive declines" in oil prices, but the second round of oil price adjustment in October is currently carried out, and oil prices have a good chance to fall again.
According to the oil price adjustment rules of ten working days, as of the statistics of seven working days, it is expected that the oil price will be raised by 110 yuan/ton (about 1 gross / liter). Although the current oil price is still in a pre-rising trend, but compared with the previous 305 yuan / ton data has shrunk by 195 yuan / ton, and this week's average international crude oil price plummeted by about 8% in a row, next week back to continue to include statistics, I believe that in the next 3 working days, 92, 95 gasoline is expected to rise sharply, "from up to down".
This round of oil prices will be adjusted at 24 o'clock on October 23, and there are only 3 days left from now, and everyone tells each other that oil prices are expected to fall again in October. Remind all riders, don't rush to refuel!
International Crude Oil Market Update: Despite weak global market performance, data released by the United States Energy Information Administration (EIA) showed that United States crude oil production reached a new high last week. United States oil production rose by 100,000 barrels per day to 13.5 million barrels per day in the week ended Oct. 11, breaking previous records. As a result, international oil prices fell by about 8% this week.
The latest international oil price information: As of yesterday's close on October 19, the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell $1.45 to close at $69.22 per barrel, a decrease of 2.05%. London Brent crude futures for December delivery fell $1.39, or 1.87%, to settle at $73.06 a barrel.