World oil prices first broke the 30 mark in 12 years Domestic fuel prices are

Sunset in the desert under the pump. Oriental IC data

Because of concerns about excess supply and a slowdown in China, Beijing 13th morning, crude oil prices in New York intraday below 30 dollars a barrel mark, for the first time in 12 years. Since only less than 10 trading days of the new year, international oil prices fell by more than 20%.

To close, the New York Mercantile Exchange for February delivery WTI (West Texas intermediate crude) futures fell 97 cents to close at $ 30.44 per barrel, to 3.1%, its lowest settlement price since December 1, 2003. The contract briefly hit 29.93 dollars a barrel, the lowest intraday price since December 2, 2003.

ICE Futures Europe Exchange in London, Brent crude for February delivery fell 69 cents, or 2.2%, closed at $ 30.86 a barrel, the lowest closing since April 2004. China s extravagant new immigrants to Vancouver

Under the pricing mechanism, at 24 o'clock today, the domestic refined oil price will be another price adjustment window. However, due to the introduction of any new mechanism, many institutions have forecast the price reprieve likely. If today was not to adjust, the domestic refined oil prices today, "fusing" three times.

Information analyst Yu Shi Zerui, said "the price adjustment period, international oil prices drop more. To ensure sustainability of energy supplies, taking into account the burden of environmental governance, is expected to present price ran aground once again the possibility of still larger. "

Joined Goldman Sachs international oil prices "US $ 20/barrel" chorus of Investment Bank has been more and more. Citigroup Managing Director and global head of commodities research at a meeting in Calgary, Ed Morse said is necessary to consider a $ 20 price, when you see the price of oil dropped $ 10 and WTI prices just above $ 30, so this is quite likely.

Earlier, Morgan Stanley said, dollar rise more quickly could push Brent crude prices fell as low US $ 20 per barrel.

Standard Chartered Bank analysts more pessimistic to expect international oil prices fell to $ 10 a barrel.