CPT Markets: The expected rise in interest rate will lower the oil price in a narrow range! Pay attention to beauty in the day...

Brentcrude oil (Brent Oil)：

Brent crude oil fell to84.39Nearby, due to the unexpected growth of inflation data in the United States, the expectation of interest rate increase was raised, and the oil price fluctuated downward.

In terms of bad data, the Chairman of the Federal Reserve Bank of St. Louis Brad The Fed's continued interest rate hikes will help lock in the trend of slowing inflation, even if the economy continues to grow. Brad stated that the pace of economic growth may slow down and the unemployment rate may climb towards long-term natural levels. He stated that although inflation remains high and economic output is above potential trends, the process of slowing inflation has begun and may continue with further interest rate hikes by the Federal Reserve. Goldman Sachs stated that due to stronger economic growth and stronger inflation data, it has raised its expectations for the Federal Reserve's interest rate hike further25Basis points, currently estimated3Month5Month and6The Federal Reserve will raise interest rates separately in the month25A basis point increase in terminal interest rates5.25-5.5%. In addition, all three major US stock markets have narrowed, including the S&P Index's closing decline1.37%The Dow Jones Industrial Average closed lower1.26%And the Nasdaq Index closed lower1.78%。

In terms of Lido data,EIAThe natural gas report states that as of2month10The total natural gas inventory in the United States during the current week is22660One billion cubic feet, a decrease from the previous week1000One billion cubic feet, an increase from the same period last year3280Billion cubic feet, year-on-year increase16.9%At the same time, compared to5High average annual value1830Billion cubic feet, increase8.8%. In terms of economic data, the number of initial claims for unemployment benefits in the United States unexpectedly decreased last week1000People, seasonally adjusted for19.4Ten thousand people, further proving that the economy remains resilient despite the Federal Reserve tightening monetary policy. Other data shows that due to the surge in energy product costs,1Monthly producer prices rebounded month on month0.7%The growth rate is the largest in seven months. Even after excluding energy and other unstable factors, the inflation rate of core producers is still higher than last year3The highest level since the beginning of the month.

In summary, the Federal Reserve's expectation of a rate hike and the overall decline in US stocks limit the rise in oil prices, butEIAThe decline in natural gas inventories and the continued tightening of the US labor market have driven a volatile rise in oil prices; Focus on the speeches made by several officials of the Federal Reserve.

Press from above(Upper resistance) 1752.20，1754.40； From the downward direction, the lower support1750.80。

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.