Due to the worse-than-expected US employment data and the fact that the exchange rate of the Euro against the U.S. dollar fell to a four-year low, international oil prices fell sharply over the weekend and fell more than 4% in a single day. Zhuo Chuang analysts believe that yesterday, the international crude oil prices plummeted and long-term low run, the NDRC's price adjustment of the theoretical reference - the international three places crude oil rate of change, this week may fall below the 4% price adjustment "warning line."
The U.S. Department of Labor announced that 431,000 non-farm payrolls were added in May, far below the 513,000 expected by analysts, casting a shadow on the U.S. economic recovery. In addition, the ruling party in Hungary reported that Hungary is facing a similar sovereign debt crisis with Greece and will need to adopt some crisis management measures. Detonating market risk aversion, the market is increasingly worried about the euro zone finances.
As the problem spread, the exchange rate of the euro against the US dollar fell to a four-year low. On the 4th, the exchange rate of the euro against the US dollar fell below the key point of 1 euro against 1.20 US dollars.
Zhuo Chuang analysts said in an interview yesterday, the international crude oil prices plummeted and long-term low run, the theoretical reference for the price adjustment of the National Development and Reform Commission - the international three places crude oil rate of change fell sharply again, as of June 4 closing, the three places crude oil has changed the rate It fell to -3.49%, and in another working day it is possible to fall below the 4% price adjustment "warning line." The rapid decline in crude oil prices has aggravated the market's bearish sentiment towards future market prices. The market's expectation of late-stage price reductions has also increased. It is expected that prices of Shandong refinery prices will continue to be stable and moderately declining, which will leave more room for the domestic refined oil retail market. Big price cuts.
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