Crude oil market trend Spot crude oil market trend

Crude oil market analysis shows that the international oil price downturn has an increasingly profound impact on various related industries. The domestic economic growth is slow, steel, coal mining, real estate and other industries are relatively weak, and the operating rate is not high, which makes the rigid demand for diesel continue to appear. The peak season is slow. Judging from the crude oil market, while gasoline is affected by oil product upgrades and high prices, customer demand in the direct wholesale link is also relatively low, and the fundamental oversupply continues to be negative for the market. At the same time, affected by expectations of lower oil prices, the market is currently heavily bearish. As for the crude oil market trend, traders are operating as needed, and there are very few large orders of more than a ton. As a result, the main direct batch links such as PetroChina and Sinopec are seriously behind in progress. There is huge promotion pressure, and prices continue to be under downward pressure. According to crude oil market data, Zhuochuang data shows that as of today, the average price of main-grade gasoline has dropped by RMB 10,000 from its highest point on the same day, and the price of H-grade diesel has also dropped by as much as RMB 1,000. Taking advantage of the continued decline in international oil prices, spot oil took advantage of the situation to buy bottom prices. Taking into account the crude oil market trend, the decline in oil prices has forced some overseas oil and gas assets to be transferred at low prices. As the saying goes, the horizontal direction is as long as the vertical direction, and many companies are already actively planning for the future.