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Home> Blog> Suddenly, oil prices fell more than 4% or ushered in the first drop in the New Year!

Suddenly, oil prices fell more than 4% or ushered in the first drop in the New Year!

January 21, 2024
Suddenly, oil prices fell more than 4% or ushered in the first drop in the New Year!

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Good news, Saudi Arabia cut crude oil sales prices for all regions, igniting market concerns about the oil demand outlook, WTI crude futures fell 4% yesterday! Although domestic oil prices have not yet broken through the stranded range, only 15 yuan per ton away from downward adjustment, oil prices may usher in the first drop in the New Year!

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Today, Tuesday, January 9 The next round of oil prices will open at 24:00 on January 17. The current rate of change of crude oil: -0.58%, it is expected that the oil price will be reduced by 50 yuan/ton (0.04 yuan/L -0.05 yuan/L).

International oil prices: International oil prices fell sharply yesterday. Light crude for February 2024 delivery fell $3.04, or 4.12%, to $70.77 a barrel on the New York Mercantile Exchange as of yesterday's close. London Brent crude for delivery in March 2024 fell $2.64, or 3.35%, to $76.12 a barrel.

Domestic oil prices: Fluctuations in international oil prices have a direct impact on domestic oil prices. In the case of a sharp decline in crude oil prices in the international market, domestic oil prices usually adjust. Affected by the sharp drop in international oil prices yesterday. Domestic oil prices continued to fall today, and increased by 35 yuan/ton compared with yesterday. At present, it is expected to fall 50 yuan/ton, equivalent to a drop of 0.04-0.05 yuan per liter. This round of oil price statistics has appeared "3 down 1 up" situation, according to the current trend, oil prices are expected to fall again next week.

Gasoline price list for January 9
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Diesel price list on January 9
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