CPT Markets : APIUnexpected sudden drop in oil depot inventory boosted oil prices! Pay attention to the Federal Reserve's Brown in the day...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to84.77Nearby, due toAPIThe unexpected sudden drop in oil storage has boosted oil prices.

In terms of Lido data, the American Petroleum InstituteAPIThe data shows that both crude oil and fuel inventories in the United States decreased last week. As of4month14Reduction in crude oil inventory for the week of the day267.510000 barrels, reduced gasoline inventory101.7Reduced inventory of 10000 barrels and distillate oil190.4Ten thousand barrels. In addition, according to official data, China's first quarterGDPThe year-on-year growth far exceeded expectations, reaching the highest level in four quarters. The data released on Tuesday also showed that Chinese refineries3The monthly crude oil processing volume surged to a record high as refineries intensified production to seize the opportunity of strong export demand and replenished inventory before planned shutdown and maintenance.

In terms of bearish data, the President of the Federal Reserve of St. Louis in the United States Brad Recent data shows that high inflation is still ongoing, while the broader economy seems to be continuing to grow. Even if growth is slow, the Federal Reserve should continue to raise interest rates. Brad refuted the view that the United States is heading towards a banking crisis, economic recession, or a combination of both in an interview with Reuters. Although agreeing that the tightening cycle may be nearing its end, Brad believes that policy interest rates will need to be raised beyond that level50Basis points, to5.50%and5.75%Between. In addition, the US stock market has generally declined, including a decline in the Dow Jones Industrial Average0.03%And the Nasdaq Index fell0.04%。

In summary, oil prices are affected byAPIThe decline in oil storage and optimistic economic data from the second largest oil consuming country have boosted oil prices, but the Federal Reserve's tendency to adhere to the pace of interest rate hikes and the general decline in US stocks have limited the upward trend of oil prices; Key focus for the day will be on the Federal Reserve's Brown Book andEIAdata

Press from above(Upper resistance) 84.70，85.10； From the downward direction, the lower support84.30。

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.