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CPT Markets:The second consecutive week of decline in US crude oil inventories has boosted oil prices! Day Pass...

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Brentcrude oil (Brent Oil):
CPT Markets:The second consecutive week of decline in US crude oil inventories has boosted oil prices! Day Pass...466 / author:CPT / PostsID:1723026




Brent crude oil rose sharply after closing high on Wednesday and rose to73.80Nearby, therefore, previous reports showed a second consecutive week of decline in US crude oil inventories, which was greater than expected, overshadowing concerns that further interest rate hikes may slow economic growth and reduce global oil demand, leading to an upward boost in oil prices.

In terms of bullish data, the Energy Information AdministrationEIAAs of6month23Crude oil depot inventory plummeted during the current week960.310000 barrels and refined oil storage decreased to12.4Ten thousand barrels. In addition, the US stock market generally closed higher, including the S&P index closing higher0%And the Nasdaq Index closed higher0.27%. Regarding this, UBS analystsGiovanni StaunovoThe OPEC said that the discount of US crude oil was expanded compared with Brent crude oilOPECThe decrease in the country's exports may continue to support demand for US crude oil. In addition, according to an analysis article published by foreign media on Monday, Saudi Arabia is tightening its oil supply to the United States and may7Starting from the beginning of the month, there will be a significant reduction in oil exports to the United States, which will lead to a recurrence of the phenomenon of no finished oil shipments in the US market for several weeks. The Saudi Energy Minister has revealed that the reduction in crude oil production may continue until7After months. reach2023At the end of the year,OPEC+The total daily crude oil production reduction in group countries may reach366Ten thousand barrels.

In terms of bearish data, at the European Central Bank forum on Wednesday, Powell stated that the Federal Reserve may further raise interest rates, and it is not ruled out that7The possibility of raising interest rates at the next policy meeting to be held in the second half of the month. Regarding this, according toCMEFederal Reserve observations indicate that the Federal Reserve7Monthly interest rate maintained at5%-5.25%The constant probability is18.2%Interest rate hike25Bps to5.25%-5.50%The probability of the interval is81.8%; reach9The probability of maintaining interest rates unchanged on a monthly basis is11.7%Accumulated interest rate increase25The probability of a basis point is58.6%Accumulated interest rate increase50The probability of a basis point is26.5%。

In summary, oil prices were supported by a more than expected drop in US crude oil inventories last week and widespread gains in US stocks, although the Federal Reserve7Monthly interest rate increase25The increase in probability of basis points limits the rise in oil prices; Key focus for the day will be on the actual situation in the first quarter of the United StatesGDPAnnualized quarterly rate and number of initial claims for unemployment benefits.

Press from above(Upper resistance) 73.80,74.20; From the downward direction, the lower support73.40。

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.





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