In detail, this wave of crude oil prices has lasted for 22 months, and the oil prices of the United States and Brazil have increased from no more than $16/barrel to more than $92/barrel last week, which is largely due to OPEC+'s continuous control of production, even though the crude oil supply has been unable to keep up with demand half a year ago.

At the end of last week, the Iranian nuclear agreement made unprecedented progress. The expectation of Iran's crude oil re-entering the market was once again strengthened. The situation in Western Europe was relieved after the preliminary agreement reached by France and Russia. The crude oil price fell continuously and fell below $90. This was supposed to be an opportunity for the crude oil price to fall. However, yesterday's intraday crude oil price rose by about 1% and again exceeded $90/barrel, which is a proper "oil strength".

Different lubricating oil companies adjust prices due to the rise of international crude oil

At the beginning of this round of oil pricing, the oil price continued the rise of the previous two rounds. Although the overall increase of oil price was lower than that of the previous two rounds, the increase of this round of oil price was also not small, reaching 160 yuan/ton in the morning. On the fourth working day, the oil price fell for the first time in this round of pricing, and the increase decreased to 150 yuan/ton. However, the change rate of crude oil in the previous day was slightly positive, and the oil price also stopped falling, At the same time, it may continue to rise because of the rising average price of crude oil.

By the time of the small editor's release, the oil price had risen by 150 yuan/ton, the average price of crude oil had risen slightly by 0.08 dollars to 90.60 dollars/barrel, and the change rate of crude oil was expanding to+3.08% (+3.04 the day before). Because the current round of oil pricing has not been completed, and considering the deviation in the calculation, this data is only for reference, and the retail price of gasoline and diesel will rise by 0.11-0.12 yuan according to this increase.

According to statistics, the current national average retail price of No. 92 gasoline is 7.7 yuan/liter, the average retail price of No. 95 gasoline is 8.24 yuan/liter, and the average retail price of No. 0 diesel is 7.33 yuan/liter. From the change of oil price in the past seven years, the oil price at this level is only lower than that in October 2018, when the average price of No. 92 gasoline is 7.99 yuan/liter, and the average price of No. 95 gasoline is more than 8.5 yuan/liter. According to the principle of adjusting every ten working days, this oil price adjustment will be started on February 17.

The crude oil price fell from the peak of $94/barrel and began to rise again one day. The reason is that the US crude oil inventory decreased by 4.756 million barrels in the week ending February 4. It was expected to increase by 1.5 million barrels, and the weekly production of US oil fields increased from 11.5 million barrels/day to 11.6 million barrels/day.

At the same time, OPEC+is not in a hurry to restore supply to the level before the epidemic. OPEC+will continue to increase its output by 400000 barrels per day in March. However, the problem is that OPEC+crude oil output also increased by 400000 barrels per day in January. However, due to the reduction of idle capacity, the actual increased output in February is further lower than the target.

According to the data, OPEC+'s actual output in January increased by nearly 260000 barrels per day to 37.94 million barrels per day, which is 800000 barrels lower than the original target output. With the tightening of idle capacity, the organization is increasingly difficult to keep up with the increase agreement of 400000 barrels per day per month. The agency expects that OPEC+'s idle capacity will continue to fall to 3.8 million barrels per day by the end of March. Strong demand data and low supply level make the crude oil price rise steadily.