Basic Judgment on the Trend of International Oil Market in the Future

The continuous climbing of international oil price since2004has been connected with the factor of speculation,and the international oil supply has not been affected.The basic situation in future internaˉtional oil market will be still favorable for the stable oil supply with frequent big changes of oil prices.It is suggested that countermeasures be made at different levels of oil prices;the establishment of risk_prevention systems be promoted;the pricing system in domestic product oils be adjusted properly;and oil_reserving system be established step by step to increase the ability of the country to regulate oil prices.