Futures crude oil price down down down like it could not find the support tonight. Meaning that, in this July, our Ron 97 price should be reduced if it is fluctuated based on world oil price. This is the biggest downfall of futures crude oil price in this year.
Actually, I wonder either Ron 97 price will be reduced or not. Taking consideration of what happen in previous month and previous year, reducing in futures crude oil price were not counted for Ron97 price.
Read my previous post here.
Logically and technically, Ron 97 price must be reduced.
See the chart, you know what I mean.