On June 29th, the EU summit launched a “package†plan to promote growth. Affected by this news, international oil prices rose sharply, but some analysts said that domestic oil prices will continue to decline for the third time. New York oil prices rose 9.36% On June 29th, the EU summit in Brussels officially adopted the “Growth and Employment Contractâ€. According to the European Council President Van Rompuy, the core content of the “contract†is a “package†of stimulating economic growth plan worth 120 billion euros. In addition, the euro zone member states also agreed to allow the euro zone permanent rescue fund, the European Stability Mechanism, to directly inject funds into the crisis-stricken member countries, and to allow the use of the euro zone temporary rescue fund - the European financial stability tool or the European stability mechanism directly Buying its national debt to reduce its financing costs without having to add new austerity or reform requirements. These initiatives have greatly boosted market confidence. On June 29, New York oil prices soared 9.36% to close at $84.96 a barrel, the biggest single-day gain since February 2011. Domestic oil prices fell for three consecutive quarters The rise in international oil prices has brought a bit of uncertainty to the refined oil price adjustment window that was originally expected to open on July 11. Zhuo Chuang Information's statistics show that as of June 27, the rate of change in crude oil movements was -7.53%. Zhuo Chuang Information released a report that if the average price of the next three places maintains a rebound of 1 US dollar per barrel per day, when the price adjustment window opens on July 10, the rate of change of the three places will still be around -8%. Li Bing, an analyst at Zhuo Chuang Information Energy Information Branch, said that the surge in international oil prices is unlikely to change the three-day losing streak of the domestic refined oil market. If the international oil price continues to rebound in the near future, the probability of a four-day losing streak in the domestic refined oil market will decrease. Check Valve,Cast Check Valve,Forged Check Valve Fengshen Refrigeration Controls Co., Ltd. , http://www.shaivalve.com
· New York oil price rose 9.36% domestic oil price three consecutive declines into a foregone conclusion