Crude Oil Prices Rise on Geopolitical Tensions, China Diesel and Gasoline Wholesale Prices Rebound on July 15

According to Jin10 Futures, on July 15, crude oil prices continued to rise due to escalating geopolitical tensions and strait transit constraints, which increased market concerns about supply prospects. International crude oil strength pushed the crude oil futures price change rate into positive territory, triggering a retail price adjustment window for refined oil products.

Domestic gasoline and diesel wholesale prices rebounded significantly, with some regions showing notable price increases. Market participants and traders adopted cautious selling strategies, limiting transaction volumes and driving up wholesale prices. Short-term wholesale price increases are expected to outpace retail adjustments, potentially narrowing the retail-wholesale price spread.