CPT Markets：APIUnexpected jump in oil storage dragged oil prices to a new low in nearly four weeks! day...

Brentcrude oil (Brent Oil)：

Brent crude oil opened today for consolidation after a slight decline in closing on Wednesday72.37Nearby, it fell to a new four week low, dragged down by demand concerns caused by the strengthening US dollar and weak Asian data.

In terms of bad data, the American Petroleum InstituteAPIThe data shows that the inventory of crude oil and refined oil products in the United States increased last week. As of5month26Within a week of the day, crude oil inventories increased520.210000 barrels, gasoline inventory rising189.1The inventory of Wanhe distillate oil has increased to184.9Ten thousand. In addition, on Wednesday, the US Energy Information AdministrationEIAAccording to published data, US oil fields3Monthly crude oil production increased1269.610000 barrels/Day, for2020year3The highest level since September, when the COVID-19 pandemic began to hit global energy demand. On the other hand, all three major US stock markets have narrowed, including the S&P index closing lower0.54%The Dow Jones Industrial Average closed lower0.40%And the Nasdaq Index closed lower0.63%。

In terms of Lido data, a survey released by foreign media on Wednesday found that,5monthOPECOil production has declined, after Saudi Arabia andOPEC+Some oil producing countries voluntarily reduced production to support the market, but other member countries increased production and limited the decline. In addition, on Wednesday, a decision was made to suspend the US government31.4The trillions of dollars debt ceiling and the avoidance of catastrophic defaults bill crossed key procedural barriers in the House of Representatives, creating conditions for bipartisan lawmakers to vote on the bill itself. Speaker of the House McCarthy predicts that it is expected to be in Beijing time11:00The next round of voting will be successful. Senate Republican leader McConnell said he expects the debt ceiling bill to pass in the House of Representatives on Wednesday and be transferred to the Senate as early as Thursday. McConnell said he hopes the Senate can complete the vote on the bill on Thursday or Friday.

In summary, oil prices have been affected by last week's increase in US crude and refined oil inventories, as well as the impact of the US3The increase in monthly crude oil production to the highest level in three years has been suppressed by various factors, but5monthOPECThe decline in oil production and the US debt ceiling bill overcame procedural obstacles in the House of Representatives, limiting the decline in oil prices; Key focus for the day will be on US initial unemployment benefits andEIAdata

Press from above(Upper resistance) 72.30，72.80； From the downward direction, the lower support71.90。

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.