As of September 16, WTI crude oil futures in the international crude oil market were trading at $54.85 per barrel, up 1.69% from September 4, while Brent crude oil futures were trading at $60.22 per barrel, up 3.36% from September 4. The change rate of crude oil in the three places is 1.06% according to the monitoring data of SunSirs. It is estimated that the increase of China domestic refined oil will be 50 RMB/ton, which is just in line with the increase of domestic refined oil.

In the early period, Saudi energy minister changed, but the production reduction policy did not change, in addition, the market was optimistic about the OPEC Conference, the US crude oil production and inventory data were good and international oil prices continued to rise slightly. On September 14, Saudi Aramco said on its website that 5.7 million barrels per day of crude oil production was shut down because of fires at its factories in Bulgaria and Kules following terrorist attacks. Brent jumped 19% after the Mid-Autumn Festival. The price of WTI crude oil futures is up to $63.34 per barrel. At present, the price of WTI crude oil futures is on the front line of $59 per barrel, up 7.57% from the previous trading day. China crude oil futures closed at 470.2 RMB per barrel on the 16th, up 6.28% from the previous trading day. The price adjustment of refined oil is imminent, and the increase of the retail price limit of refined oil in this round can almost be confirmed.

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