CPT MarketsThe increase in demand from major Asian countries and the intensification of geopolitical tensions have boosted oil prices! day...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to79.61Nearby, the short-term upward trend in oil prices has been boosted by strong Chinese crude oil imports and intensified geopolitical tensions.

In terms of Lido data,6China's oil imports surged nearly year-on-year in the month50%Organization of Petroleum Exporting CountriesOPECAnd the International Energy AgencyIEAIt is expected that China's demand will continue to grow in the second half of this year and will continue to be the main driving force for global growth. Yesterday, the US State Department released a statement on its official website stating that the US is currently targeting Russia120Individual entities and individuals are imposing sanctions to weaken Russia's current and future military capabilities. In terms of employment data, last week, the number of initial claims for unemployment benefits in the United States unexpectedly decreased, reaching the lowest level in two months. The labor market continues to be tight, and the efforts of the US Federal Reserve to slow down demand have had little effect in this area. As of7month15Seasonally adjusted reduction in initial claims for unemployment benefits for the current week9000Person to22.8Ten thousand people, for5The lowest level since mid month, previously estimated by analysts to be24.210000 people.

In terms of bearish data, the US stock market generally fell yesterday, including the S&P index closing lower0.67%And the Nasdaq Index closed lower2.05%Affected by Tesla andNetflix(Netflix)Decline after announcing quarterly results. In addition, according toCMEFederal Reserve observations indicate that the Federal Reserve7Monthly interest rate increase25Bps to5.25%-5.50%The probability of the interval is99.6%； reach9The probability of maintaining interest rates unchanged on a monthly basis is0%Accumulated interest rate increase25The probability of a basis point is82.6%。

In summary, oil prices have been boosted by increasing Chinese demand and further US sanctions against Russia, although US stocks have generally narrowed and the Federal Reserve7The probability of monthly interest rate hikes remains high, limiting the upward trend of oil prices; Key focus for the dayG20The meeting of energy ministers and the geopolitical situation.

Press from above(Upper resistance) 79.60，80.00； From the downward direction, the lower support79.20。

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.