China News Service, August 9th (Zhongxin Finance and Economics Ge Cheng) With the "roller coaster" market of international oil prices, domestic oil prices are expected to usher in a "four consecutive declines" after the "four consecutive rises".

　　At 24:00 on August 9, a new round of domestic refined oil price adjustment window will open. The agency predicts that this round of refined oil prices will show a downward trend, ushering in the fifth downward adjustment this year.

On August 8, the price at a gas station in Shijingshan District, Beijing showed: No. 92 gasoline was 8.54 yuan per liter; No. 95 was 9.09 yuan.

Photo by Ge Cheng of China-Singapore Finance

　　During this round of pricing cycle, the international oil price fell to the lowest level in half a year, giving back all the gains since the conflict between Russia and Ukraine.

On August 4, U.S. WTI crude oil futures settled down 2.34% at $88.54 a barrel, while Brent crude futures settled down 2.75% at $94.12 a barrel.

On August 8, Brent oil continued to fall after the opening bell. As of press time, it was quoted at US$93.42 per barrel, just one step away from the US$90 per barrel mark.

　　Affected by the fluctuation of international crude oil prices, the agency estimates that as of August 8, on the ninth working day of this round of refined oil price adjustment cycle, the average price of reference crude oil varieties is US$99.38 per barrel, with a rate of change of -1.64%. It is estimated that domestic gasoline , Diesel down to 110 yuan per ton, equivalent to gasoline, diesel down about 0.08 yuan per liter.

　　According to Han Zhengji, a refined oil analyst at Jinlianchuang, recently, the overall international oil price has shown a range-bound trend. Investors continue to wait and see. After the previous decline, international crude oil has been at the low point since early February.

At present, the market's worries about the prospect of an economic recession are heating up, and investors are worried that this will seriously affect the growth prospects of energy demand.

　　However, Han Zhengji also said that the support of supply in the face of oil prices still exists, especially after OPEC+ only increased production slightly, the problem that OPEC (OPEC) is difficult to increase production has once again attracted the attention of investors.

In addition, with the resumption of the Iranian nuclear negotiations, the US-Iran relationship has become more and more noteworthy.

The previous price adjustments of domestic refined oil products in 2022.

(Data source: National Development and Reform Commission)

　　"The drop in international oil prices is caused by the combination of political, economic and financial factors." Dong Xiucheng, executive dean of the Institute of International Business Strategy of the University of International Business and Economics, said in an interview with Zhongxin Finance, "During an economic recession, energy consumption Demand will weaken." Therefore, he believes that there is still room for international oil prices to fall in the future.

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