Affected by the sudden increase in U.S. crude oil inventories, international oil prices have fallen sharply in recent days. Affected by this, many market institutions predict that refined oil will usher in a “second consecutive fall” after the implementation of the new mechanism, and the reduction rate will be 70-80 yuan/ton. The price adjustment window will open on October 17, the fastest 10 Early morning on the 18th.

On October 9, the U.S. Department of Energy released data showing that as of October 3, US commercial crude oil inventories increased by 6.81 million barrels to 3.7054 billion barrels, the largest one-week increase since last September, and the United States' refinery utilization rate last week. It also fell from 89% to 86%. Affected by this weak data, international crude oil futures prices fell sharply. The WTI crude oil contract in November fell 1.88 US dollars to close at 101.61 US dollars a barrel, a decrease of 1.82%; London Brent crude oil contract fell 1.10 US dollars to close at 109.06 US dollars a barrel, a decrease of 1.0%.

According to several market institutions such as Longzhong Petrochemical and Treasure Island, the comprehensive change rate of crude oil as of October 9 was -1.31%, corresponding to a reduction of 70-80 yuan/ton for gasoline and diesel. Since the price adjustment on September 30, due to the fact that the country meets the national conditions holiday, according to the “10 working days principle”, the refined oil price adjustment window will open on October 17 and be cashed as early as the morning of October 18.

If it is lowered, it will become the first "second consecutive drop" of domestic refined oil since the implementation of the new mechanism. The industry believes that the continuous downward adjustment of the oil price will stimulate the consumption of refined oil, and accelerate the upgrading of oil products .

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