China News Service, September 21 (Zhongxin Finance and Economics Ge Cheng) Oil prices have just risen and fallen, and may usher in the "seventh drop" this year.

　　At 24:00 on September 21, a new round of domestic refined oil price adjustment window will open.

Affected by changes in international oil prices, domestic refined oil prices may usher in a slight downward adjustment.

Data map: Gas station.

Photo by Ge Cheng of China-Singapore Finance

　　Wang Shan, a refined oil analyst at Jinlianchuang, said that since this round of pricing cycle, the international crude oil as a whole has remained at a low level, and the average price has dropped month-on-month.

Although the supply outlook of the crude oil market remains uncertain, worries about the global economic slowdown amid expectations of interest rate hikes in Europe and the United States have put pressure on oil prices.

　　According to the agency's calculations, as of the ninth working day of the oil product price adjustment cycle on September 20, the average price of reference crude oil varieties was US$88.90 per barrel, with a rate of change of -6.25%. Equivalent to gasoline and diesel, it will be reduced by about 0.2 yuan per liter.

After this round of oil price adjustment, 95 gasoline is expected to drop below 9 yuan in an all-round way.

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

(Data source: National Development and Reform Commission)

　　"In the market outlook, international crude oil may maintain a wide range of fluctuations, and it is expected that crude oil prices may fluctuate around US$87/barrel." Bi Mingxin, a refined oil analyst at Jinlianchuang, said that in late September, producers focused on catching up with sales, and international crude oil In the short term, it may continue to be bearish.

　　Markets expect the Fed to raise interest rates again this week in an attempt to contain the highest inflation in 40 years.

"At present, most views believe that the Fed is very likely to raise interest rates by 75 basis points at the September 21 meeting, and there is also a possibility of raising interest rates by 100 basis points." Jinlianchuang crude oil analyst Han Zhengji said, therefore, investors are worried A sharp rise in interest rates would dampen global growth and demand for fuel.

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