Domestic oil prices down affected by the Greek crisis still bearish round

Posted on 7/8/2015 3:16:16 PM

Yesterday, the Development and Reform of the National Commission lowered the prices of products, estimated retail price of 90 # gasoline and 0 # diesel (the national average) per liter fell by 0.07 yuan and 0.08 yuan . On Monday, the Greek crisis has led international oil prices indirectly led to the fall of oil prices liter four-fifth of a liter expand to seven or eight. Beijing 92 maximum sale price of gasoline 6.58 yuan / liter to 8 points to 6.50 yuan / liter.
Greek crisis caused international oil prices
Last week, more than Liucheng Greek referendum against the European creditor party to a reform program for the exchange of assistance projects, the possibility of Greece out of the euro is much higher. Whether debt-laden Greece will leave the euro area and the development of the euro area after becoming investors concern. The Greek debt crisis could affect Europe's energy needs, and continue with the euro, indirect boost to the dollar, which makes dollar oil and other major commodities affected transactions.
On Monday, that is, prices workday last time round called international oil as well as the main reference index Brent WTI (US crude West Texas Intermediate) futures both fell sharply.
News analyst Sang Yu Xiao believes that the current round of international oil prices weak pricing period under the excess supply in the backdrop, oil inventories in the US rose unexpectedly, the number of oil extraction USA upload a backup, the Greek debt crisis, Iran nuclear talks China and recession in the stock market and other factors, the international crisis and lower oil.
The next round of price adjustment remains bearish
The domestic refined oil prices have left will be expanded. On the ninth day of work, the volatility of international oil prices, which correspond to increases in domestic prices of 4-5 minutes / liter, due to the last business day of the accident, AM expanded to 7-8 / liter.
Yesterday, the Development and Reform of the National Commission issued a notice that the prices of gasoline and diesel were reduced by 95 yuan per ton and 90 yuan, it is estimated that the retail price of 90 # gasoline and 0 # diesel (the national average) per liter fell by 0.07 yuan and 0.08 yuan, price execution time is 7 July 24. News, gasoline prices Beijing Municipal Development and Reform No. 92 biggest retailer of 6.58 yuan / liter to 8 points to 6.50 yuan / liter.
Greek crisis spread, Iran nuclear talks to be determined, also weighed on oil prices will be sustained. Many agencies believe that the next round of price adjustment is still low.
Zhuo record information that the risk of default of the current Greek debt could not even be out of the euro, which directly drag the economy of the euro zone. Moreover, the July 7 deadline for Iran nuclear talks once an agreement, Iran or return to the oil market. The absence of other positive factors supporting the registration information Zhuo is expected in the next period pricing, crude futures in Europe and probably will be low volatility. The domestic refined oil market will usher in "a two-day winning streak," the situation, no unexpected declines are expected to exceed 200 yuan per ton.

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