CPT Markets: Optimism in the US debt ceiling negotiations helped fuel prices rise to a two-week high!...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to74.35Nearby, the largest increase in two weeks was recorded. The House of Representatives of the United States passed the bill to suspend the US debt ceiling, which offset the impact of the rise in US crude oil inventories, and boosted the short-term rise of oil prices.

In terms of Lido data, the US House of Representatives has approved a temporary hold31.4The trillions dollar debt ceiling bill increases the likelihood of avoiding a catastrophic default. CFRA ResearchanalystStewart GlickmanThe successful debt ceiling negotiations have cleared the minefield, but the overall demand outlook remains uncertain, such as poor performance in the truck transportation sector. Currently, there are only four days left to pass the bill and send it to Democratic President Biden for signature, in order to avoid a catastrophic breach by the United States. Both Democratic and Republican leaders in the Senate have vowed to do their best to accelerate the progress of this bill. The Democratic leader of the United States Senate, Schumer, has stated that the Senate will continue to meet until lawmakers approve the bill and submit it to President Biden for signature. In addition, all three major US stock markets closed higher, including the S&P Index closing higher0.99%The Dow Jones Industrial Average closed higher0.47%And the Nasdaq Index closed higher1.28%。

In terms of bearish data, on Thursday, the US Energy Information AdministrationEIAThe released data shows that last week, the US crude oil inventory unexpectedly increased, due to a surge in imports, distillate oil inventory also increased, and gasoline inventory decreased. EIAAs of5month26Increase in crude oil inventory within a week of the day448.8Ten thousand barrels. In addition, according to preliminary estimates from shipping tracking agencies, India5The import volume of Russian crude oil in the month reached a historic high, with discounted crude oil prices attracting buyers to make large purchases, while demand for Middle Eastern and African oil decreased.

In conclusion, after the US debt ceiling bill was passed by the House of Representatives, the Senate strived for rapid release to avoid default, which pushed up the oil price. However, the increase in inventories and India5Record monthly imports of Russian crude oil have limited the rise in oil prices; Key focus for the day will be on non agricultural data and on SundayOPEC+Meetings.

Press from above(Upper resistance) 74.30，74.80； From the downward direction, the lower support73.90。

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.