Early this morning at midnight, the 20th oil price adjustment of this year took place, marking the "eighth increase" in oil prices for this year. Specifically, gasoline was increased by 140 yuan/ton, and diesel by 135 yuan/ton, which translates to an increase in fuel prices of 0.11 yuan/liter to 0.14 yuan/liter.
Note that oil prices have risen.
Please be aware that starting today, filling up a 50-liter tank of gasoline or diesel will cost 5.5 yuan to 7 yuan more than yesterday. In addition, international oil prices surged yesterday, with Brent crude oil nearly breaking the 80 US dollar mark. The start of this round of oil price adjustments may also see a significant increase, depending on whether there will be a decline in the following days.
In terms of international oil prices, US crude oil closed up by 2.94%, at 74.81 US dollars per barrel, while Brent crude oil closed up by 3.26%, at 79.26 US dollars per barrel. Today's oil prices are temporarily on a downward trend, with US crude oil temporarily reported at 75.38 US dollars per barrel, a decrease of 0.28%.
The significant increase in international oil prices yesterday was mainly due to the attack on a US oil tanker in the Red Sea and the surge in gasoline demand in Florida, USA, due to the impact of a hurricane. The market is concerned about Israel's attacks on Iranian oil facilities, coupled with recent data showing positive economic trends in China and the United States, suggesting a potential increase in future energy demand. The combination of various factors led to a significant rise in oil prices.
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On the evening of October 10th, local time, Yemen's Houthi armed spokesperson Yahya Sarea announced in a speech that the Houthi forces attacked the US "OLYMPIC SPIRIT" oil tanker in the Red Sea with 11 ballistic missiles and 2 drones, hitting the target and causing serious damage; in the Indian Ocean, they also attacked and hit the "ST.JOHN" oil tanker with a missile, which violated their navigation ban.
According to multiple Israeli media reports, on the evening of October 10th, local time, Israel's security cabinet held a meeting to decide how to respond to the large-scale missile attack launched by Iran on Israel on October 1st. According to the public broadcaster Kan, Israeli Prime Minister Netanyahu and his Defense Minister Gallant will make the final decision on the timing of the strike.
Tom Kloza, Global Head of Energy Analysis at Oil Price Information Service, stated: "Oil prices will head lower because you have to consider that with the cooling temperatures in Saudi Arabia and Iraq, there might be an additional 600,000 to 700,000 barrels of crude oil exports. You are facing a downward market."