Domestic oil prices are lower in the near future

Domestic price adjustment window is approaching US $ 110, $ 100, $ 90, slowdown in global economic growth under the background of the upgrade again, European debt crisis, New York crude oil prices dropped below 3 consecutive integer point. May month only, crude oil futures prices plunged 17%, its biggest one-month decline since December 2008. At the same time, domestic oil prices expected to lower rising, when journalists visitedFound that baiyujia discount gas stations in Beijing showmanship, reducing inventory, highest-ever reached $ 0.5 per litre. Observation as a barometer of the economy, is what causes the lower oil prices in the near future? Domestic oil prices are lower in the near future? Fluctuations in oil prices will weigh on the economy which effect? Several reasons led to a downward trend in oil prices, senior strategic development of Bank of ChinaJinan Division pointed out when interviewed by this reporter Zhou Jingtong, drop in international oil prices is caused by various factors. China, India and other emerging market countries slower economic growth, United States weakened the momentum of economic recovery, and the deterioration of the European debt crisis are macro-factors of falling oil prices. In Europe read more, the European debt crisis continued to pressure the market, lack of investor confidence. Greece form a new dealHouse was a difficult birth, could exit eurozone panic grew. Meanwhile, Spain's banking crisis, Italy yields soared, becoming raised market fears sparked. Worrying economic prospect for Europe, which also affects the demand for crude oil. United States, various data and indicators show economic recovery is weak. Recently, the United States employment and orders index scores do notIn May, PMI down to 53.5 but less than expected, the impact of the demand for crude oil. United States crude oil inventories continue to rise, crude oil inventories increased 2.213 million barrels last week, more than 1 million barrels is expected, reaching 384.74 million barrels, rose has 10th consecutive week, gross hit a 22-year high www.powerleveling.us/diablo-3, continuing high inventories are in large part to crackdown on oilPrice effects. China on oil imports in recent 60%, plays a key role in the global balance of supply and demand. But the first quarter of this year, China's economic growth in 8.1%, to the slowest pace in nearly 3 years May PMI fell to 50.4%, ended the upward trend of 5 months; in addition, electricity, railway freight transport volume and bank loans and other economic meansMark also predicts economic growth will continue to slow in the second quarter, leading to sharp contraction in demand for commodities. Oil prices down to the promotion of economic development in China, "oil is the blood of the national economy, fall in oil prices in the international market in favour of promoting China's economic development. "Zhou Jingtong believes that oil prices cut buffer imported inflation can not only impact on China's economy, can effectively reduce theEnterprise production cost. Both aviation and other transportation industries, or chemical fertilizers chemical fiber industry, cost reduction can be achieved by falling oil prices. In addition, China's continuing high dependence on petroleum, oil prices down to a certain extent, reduce foreign exchange spending. Zhou Jingtong also believes that falling oil prices on the economy development is both reasons result. Falling oil prices could reduce theProduction costs, promote China's GDP growth and GDP due to various factors in China is entering a downward path in the reduction in the demand for oil, also, to a certain extent, caused by the fall in the oil price, so lower oil prices as a result of economic development. These two roles are interrelated and affects the development of China's economy. Global environment of the future trend of oil pricesLower oil prices would continue for some time in the future? Insiders believe that oil prices will continue to decline for some time. "Declines in specific situations, but also as the international environment to be. "Zhou Jingtong pointed out. If the international situation improves, such as on June 17 Greece vote goes well, Spain debt crisis will turn, fall in the oil price situation may change. Also haveIndustry analysts believe that while the current oil prices are falling, but long term oil prices also rose. Crude oil mining of high cost oil companies do not want to see oil prices lower all the way, and take measures to pull the rebound in oil prices. As oil price adjustment related management departments, should constantly improve the refined oil pricing mechanism, speed up the pace of integration with international oil prices, increasing price fluctuationsSensitivity. At the same time, should further refine the oil price formation mechanism in China, affected by oil price fluctuations affect big companies to adjust the prices, reduced by passively as the fluctuations in international oil prices and the negative impact of adjustment to the enterprise.