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It is expected that international oil prices will fluctuate in the short term

/ Thursday, 24 October 2024 /

On the 23rd,the National Development and Reform Commission announced that based on recent changes in international market oil prices and in accordance with the current mechanism for forming refined oil prices,domestic gasoline and diesel prices will increase by 90 yuan and 85 yuan per ton respectively from 24:00 on October 23,2024.

During this round of refined oil price adjustment cycle,international oil prices have slightly increased.According to the Price Monitoring Center of the National Development and Reform Commission,the growth rate of global crude oil demand has slowed down,and the overall supply-demand relationship for crude oil is relatively loose.However,geopolitical conflicts may still spread further,increasing the volatility of international oil prices.It is expected that international oil prices will fluctuate in the short term.

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