Morning Brief for Solvent Oil Market on November 26
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[international crude oil]
Trading was light during Thanksgiving. OPEC said that the release of oil reserves by consumer countries may exacerbate oversupply, and the market is still worried that OPEC may adjust its production increase plan. The price of crude oil futures in Europe and the United States remained almost unchanged on November 25. WTI in January: closed on Thanksgiving holiday; January Brent: 82.22, down 0.03.
Price adjustment forecast
On the 5th working day of this round, Zhongyu crude oil was valued at 79.963, which was -1.825 or -2.23% higher than the benchmark price, with a corresponding variation of - 120 yuan / ton. It is temporarily estimated that the retail price limit of refined oil will be reduced by 120 yuan / ton at 24:00 on December 3.
[solvent oil morning review]
The overnight crude oil closed in a narrow range, with limited operational support for the oil market atmosphere. Therefore, today, the mainstream price of solvent oil market is stable, with sporadic or narrow horizontal consolidation.
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