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playdoubledoublebonuspoker| What is the impact of falling oil prices on the oil sector?

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According to monitoring data from the Price Monitoring Center of the National Development and Reform CommissionplaydoubledoublebonuspokerDuring this round of refined oil price adjustment cycle (April 29-May 14), international oil prices fell, with London Brent and New York WTI oil prices falling by 4.4% compared with the previous round of price adjustment cycle.playdoubledoublebonuspoker.8%。The reporter learned from the National Development and Reform Commission that starting from 24:00 on May 15, domestic gasoline and diesel will be reduced by 235 yuan and 225 yuan per ton respectively. Specifically, the national average reduction is: 0.18 yuan per liter for No. 92 gasoline, 0.19 yuan per liter for No. 95 gasoline, and 0.19 yuan per liter for No. 0 diesel.

According to estimates by CCTV financial reporters, based on the 50L capacity of a typical household car fuel tank, it will cost 9 yuan less to fill up a box of No. 92 gasoline. The Price Monitoring Center of the National Development and Reform Commission predicts that oil prices will fluctuate and weaken in the short term. The "risk premium" brought about by geopolitical conflicts has subsided, U.S. crude oil production has increased, leading to a more balanced market supply and demand fundamentals, and oil prices have shown a significant decline. Affected by the continued high operation of the US dollar index, London Brent and New York WTI oil prices fell by 4.67% and 4.93% respectively compared with the previous round of price adjustment cycle. Due to factors such as the rebound in U.S. inflation data and the postponement of expected interest rate cuts, demand for crude oil will be suppressed. In addition, the increase in U.S. crude oil production and the production of some "OPEC +" member countries exceeding quotas will also offset the supporting effect of production cuts on oil prices to a certain extent.

playdoubledoublebonuspoker| What is the impact of falling oil prices on the oil sector?

Keywords falling oil prices, National Development and Reform Commission, oil market reminders 丨 Important notices! Tonight, oil price adjustment and Hexun's risk warning: The above content is only the author's or guest's opinion, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers when necessary. Hexun strives but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun makes no guarantee or commitment in this regard.