The international crude oil price surged higher and fell back. The new round of domestic refined oil price adjustment has not reached the adjustment line of 50 yuan / ton. The domestic product oil market price lacks guidance, and the price of gasoline and diesel rises and falls in different ways. According to the monitoring data of the business agency, the gasoline price on July 17 was 5292 yuan / ton, up 1.25% compared with July 13; the gasoline price on July 17 was 4793 yuan / ton, down 1.02% from July 13.

In terms of international crude oil, U.S. crude oil demand improved and crude oil inventory decreased significantly. While the crude oil market released good news, OPEC + relaxed production reduction as scheduled, and the overseas epidemic continued to drag down the global economy and crude oil demand prospects. International oil prices rose first and then fell, while WTI crude oil prices fluctuated above $40 / barrel. High volatility of crude oil market lacks direction guidance for refined oil market.

In terms of gasoline, in the three week weather, more oil is used for automobile air conditioning, and the terminal demand is relatively good. Traders and terminal gas stations are more active in replenishment, and the market price is supported. In terms of diesel, the southern region has continuous rainfall and increasing flood, and the outdoor operations such as mining, logistics and infrastructure are limited. The demand for diesel oil is not good, and the market price lacks support. Overall, diesel market demand is not as good as gasoline market, gasoline prices rose while diesel ajig fell slightly.

Recently, some refinery units have entered the maintenance period, and the start-up load of the refinery has declined slightly. The supply of refined oil resources has been slightly reduced, and the pressure on domestic oil product shipment has eased.

Lu Xingjun, an oil product analyst at the business agency, said: international oil prices will continue to consolidate around $40 / barrel, entering the peak gasoline demand season in three volt weather, while the impact of rainfall on the diesel market in the South will gradually weaken. It is expected that the price differentiation trend of gasoline and diesel will begin to shrink in late July.