The United Kingdom and the United States will reach an agreement on the release of oil reserves

On Friday (March 16), affected by news that the United States and the United Kingdom may use strategic oil reserves, international oil prices fell after they oscillated.

On the same day, it was reported that President Barack Obama and visiting British Prime Minister Cameron had already agreed to use strategic oil reserves to stabilize oil prices. When the news came out, the price of oil fell sharply. New York's oil prices fell more than one dollar in the morning. Later, however, White House officials clarified that the news of the release of the strategic oil reserve was not true and the price of oil rose.

In addition, the International Banking Association’s Global Banking and Telecommunications Association announced on the same day that the association will cut off relations with all banks in Iran. This will make it impossible for Iranian banks to implement international settlement, thus limiting Iranian oil exports. Iran's oil supply difficulties support the oil price.

The last time the domestic refined oil prices rose more than a month ago, the tension rate of the oil in the three places that has affected China's oil price adjustment has reached 10%, far exceeding the 4% red line. Zhu Qing, analyst Chen Qing of refined oil products, said that with the closing of the **, domestic refined oil prices may be adjusted at any time, is expected to price adjustment rate of 400 yuan / ton, the increase in gasoline per liter may be 0.29 yuan. This also means that Tianjin No. 93 gasoline may approach 8 yuan/liter this week.

The average price of crude oil in Brent, Dubai, and Sinta was US$126.35 per barrel, and the weighted average price of US$123.58 per barrel for 22 consecutive days, which was 10.29% higher than the benchmark price on February 7 and was the last domestic price adjustment. 26th working day. According to China's refined oil pricing mechanism, the change rate of crude oil in the three places has exceeded 4% for 22 consecutive working days, and the refined oil price can be adjusted. Some insiders of CNPC confirmed that under the background of the sharp rise in international crude oil and the further compression of refinery profits, the two giants of CNPC and Sinopec have proposed raising the price of oil to the NDRC. In addition, there is market news that the National Development and Reform Commission is urgently seeking the two major groups on the form of the refined oil price release, and asked for this Friday to report the program, the content is about the conversion coefficient of ton conversion. In this regard, some analysts believe that the price adjustment or with some fine-tuning of the policy, the future adjustment of oil prices will no longer be in units of tons, and changed into a generally used in the retail market.

In terms of economic data, the number of people who applied for unemployment benefits for the first time in the United States last week was reduced by 14,000, and the total number fell to the lowest level in the past four years, indicating that the US job market has further improved. In the New York area, the manufacturing index rose in March. Positive economic data boosted market investor sentiment.

At the close of the day, light crude oil prices for April delivery on the New York Mercantile Exchange fell 32 cents to settle at US$105.11 per barrel, a decrease of 0.30%, and range from US$103.78 to US$106.18. In April, London Brent crude oil prices fell 1.42 US dollars to close at 123.55 US dollars a barrel, a decrease of 1.14%.