Yesterday, the reference crude oil change rate for the 9th working day in China was -1.08%. It is expected that gasoline and diesel will be reduced by 40 yuan/ton, not exceeding the reduction line (50 yuan/ton), and it is temporarily on hold. The price adjustment window for this time is 24:00 on June 13th.

Last Friday, the focus of international oil prices shifted downwards, mainly due to market concerns about global economic issues. The market remained relatively calm over the weekend, and currently maintains a narrow range of fluctuations in international oil prices. It is expected that in the early hours of tonight, there is a high probability that the retail price limit for domestic refined oil products will run aground.

In 2023, there have been eleven rounds of price adjustments for domestic refined oil products, including four increases, five decreases, and two delays. The total price of gasoline and diesel has been lowered by 70 yuan/ton, respectively. After this round of price adjustment, the price adjustment situation in 2023 will become "four rises, five falls, and three strandings".

In terms of international oil prices, crude oil overall shows high volatility, with WTI crude oil at $70 per barrel showing strong support. The reason for this is that Saudi Arabia voluntarily reduced production by 1 million barrels per day in July, and the market has strong confidence in stabilizing oil prices. However, considering that the Federal Reserve's monetary policy in June remains uncertain, the market is concerned about another rate hike, and the performance of economic data from multiple countries is lower than market expectations, resulting in a sluggish rise in oil prices after stabilizing. The market is relatively cautious in its bullish outlook, with international crude oil showing slight fluctuations. The average of crude oil in this cycle has slightly decreased month on month, with narrow fluctuations in the rate of change of crude oil being the main trend.

On June 9th, international oil prices fell. By the end of the day, the price of Light crude oil futures for July delivery on the New York Mercantile Exchange had fallen by 1.12 dollars, or 1.57%, to close at 70.17 dollars per barrel; The London Brent crude oil futures for August delivery fell $1.17 to close at $74.79 per barrel, a decrease of 1.54%.