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CPT Markets: This weekOPEC+Or not adjusting production policies to suppress oil prices! Follow within the day...

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Brentcrude oil (Brent Oil):
CPT Markets: This weekOPEC+Or not adjusting production policies to suppress oil prices! Follow within the day...562 / author:CPT / PostsID:1724550




After a significant decline in Brent crude oil on Wednesday, it fell to83.35Nearby, despite a historic decline in US crude oil inventories, traders sought safety after Fitch downgraded the US government's credit rating and this weekOPEC+It is unlikely to adjust the current oil production policy to limit growth, putting pressure on the downward weakness of oil prices.

In terms of bearish data, the recent sixOPEC+The source stated to foreign media that at a meeting to be held on FridayOPEC+At the committee meeting, it is unlikely to adjust the current oil production policy. In addition, all three major US stock markets have narrowed, including the S&P Index's closing decline61.38%The Dow Jones Industrial Average closed lower0.98%And the Nasdaq Index closed lower2.17%The market took profits from the five month rise, after rating agency Fitch downgraded the US government's credit rating the day before.

In terms of Lido data, on Wednesday, the US Energy Information AdministrationEIAIndicates that due to a breakthrough in export volume50010000 barrels/Japanese refineries have processed more crude oil, and last week, US crude oil inventories hit a historic decline. The main reason for the decline in crude oil inventory is the record low inventory in the US Gulf Coast refining centers. EIAIt is stated that due to the processing of crude oil by refineries in the region2022year8The most crude oil since the beginning of the month, inventory has decreased1,557Ten thousand barrels. In addition, according toCMEFederal Reserve observation indicates that the Federal Reserve9Monthly interest rate maintained at5.25%-5.50%The constant probability is81.5%; reach11The probability of maintaining interest rates unchanged on a monthly basis is71.6%。

In summary, oil prices are affected by this week'sOPEC+It is unlikely to adjust the current oil production policy and suppress the overall decline of US stocks, but last week the US crude oil inventory hit a historic decline, limiting the decline in oil prices; Follow the United States within the day7Monthly Challenger Enterprise layoffs, initial claims for unemployment benefits, and speeches from Federal Reserve officials.
Press from above(Upper resistance) 83.30,83.80; From the downward direction, the lower support82.90。

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.




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