China Financial Daily

[ Futures ] International oil prices fell by 8.64% on Thursday, 100 U.S. dollars below
New York Mercantile Exchange (NYMEX) crude oil futures slumped on Thursday and below $100 mark, which was attacked by the weak economic data in Europe and America. The crude oil futures closed at 99.8 U.S.dollars/barrel, declined 9.44U.S.dollars.

U.S. Labor Department data showed: during first-time applications for unemployment benefits last week, the number was increased from 43,000 to 47,400 people, which created a new high since August 2010.

International oil prices fell below 80 U.S. dollars / barrel
Yesterday, oil prices plunged for the second consecutive day, as of 21:40 pm last night, the international oil price benchmark New York Mercantile Exchange crude oil futures latest offer 79.52 U.S. dollars / barrel, the lowest quote hit 79.15 U.S. dollars / barrel, below 80 dollar mark.

In the May 4 end of trading, international oil prices have plummeted, the New York Mercantile Exchange crude oil futures benchmark contract closed at 82.74 U.S. dollars / barrel, down 3.45 U.S. dollars per barrel, created on February 4 single-day decline since the end of the after four consecutive sessions of gains.

International oil prices fell below 64 U.S. dollars per barrel of domestic oil prices have been shipped to
Yesterday, the international oil price benchmark – New York Mercantile Exchange, August crude oil futures contracts for delivery in one fell swoop Price below 65 U.S. dollars / barrel mark, as of 18:00 yesterday, the lowest offer to 63.85 U.S. dollars / barrel. It is noteworthy that, since the last price of domestic gasoline and diesel so far, the international oil prices exceeded 4 percent, the domestic refined oil price downturn is likely to exist.

Interestingly, July 3, Angola’s oil minister, the current rotating president of Organization of Petroleum Exporting Countries lose tournament in China, said the normal price of international crude oil is 60 USD / barrel.

Yesterday, the New York Mercantile Exchange in Asian electronic trading sessions, August crude oil futures contracts for delivery in shock all the way down to 18 o’clock, Price 64 U.S. dollars / barrel, the lowest detection to 63.85 U.S. dollars / barrel. In day trading, oil prices in 65 U.S. dollars / barrel level fluctuations.

June 30, due to continuous rise in international oil prices, raised the domestic retail prices of gasoline and diesel, when the international oil price benchmark – New York Mercantile Exchange, August crude oil futures contracts for delivery of 70 U.S. dollars Price / barrels around. According to China’s management of oil prices, when the international market of crude oil for 22 days moving average price changes more than 4% when adjusted for domestic oil products prices. Since the June 30 date, no doubt fall in international oil prices more than 4%. This situation is seen in domestic oil prices in the March 25, June 1 and June 30, after 3 consecutive times down the possibility of rising.

The trend in international oil prices under the influence of domestic oil, although facing the traditional summer season, but on the wholesale market of oil products, Sinopec, the wholesale price of oil began to loosen, even a discount promotion; and social traders are not having good, their shipping prices.

This reporter learned that, including a number of areas, including sunshine, Sinopec, the wholesale price of diesel oil are given 50 yuan to 100 yuan / ton of concessions. In this regard, China’s gas station network?editor-in-chief, the increase in refined oil prices in the country the day after, there is a lot of wholesale prices go up, but have come down recently, the current poor sales. Among them, the traders in the wholesale price of society, as opposed to the two groups announced the price of diesel 600 yuan / ton about 100 yuan cheaper petrol / tons.