CPT Markets:Supply tightening expectations have caused oil prices to rebound to a ten month high! Day Pass...

Brentcrude oil (Brent Oil)：

After a significant increase in Brent crude oil on Thursday, it rose to93.59Nearby, expectations of supply tightening overshadowed concerns about weak economic growth and an increase in US crude oil inventories, leading to a short-term upward trend in oil prices.

In terms of Lido data, on Wednesday, the International Energy AgencyIEAIssue a warning stating that the Organization of the Petroleum Exporting CountriesOPECThe reduction in crude oil production by member countries, especially Saudi Arabia and Russia, will lead to a significant supply gap in the fourth quarter, which will drive up oil prices in the coming months. Meanwhile,OPECWarning supply restrictions may be deeper and longer than previously anticipated. Saudi Arabia and Russia have both announced the extension of extreme production reduction plans until the end of the year, aimed at supporting the stability and balance of the oil market. since5Monthly approach per barrel64.00Since the low point of the US dollar,WTIThe oil price has risen by nearly40%. Considering thatOPECAll crude oil production in various countries has been reduced, and the global oil market is estimated to be in short supply100~30010000 barrels/Day. It is widely expected that global oil reserves will significantly decrease, including the strategic oil reserves of the United StatesSPR。

On the other hand, another reason for Thursday's crude oil rally was the United States8The monthly producer prices and retail sales data have strengthened. It is worth noting that the growth in retail sales is due to the increase in gasoline spending by Americans last month, leading the market to believe that no matter how high oil prices rise at gas stations, they will continue to do so.

In summary, oil prices are subject to expectations of supply tightening and the United States8monthPPIBoosted by stronger retail sales data; The focus of the day will be on China's industrial production and the University of Michigan Consumer Confidence Index in the United States.

Press from above(Upper resistance) 93.50，93.90； From the downward direction, the lower support93.10。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.