CPT MarketsTight oil supply alleviates and concerns about weak demand rebound, suppressing oil prices!...

Brentcrude oil (Brent Oil)：

Brent crude oil opened today for consolidation after a slight decline in Monday's closing85.70Nearby, due to the expected resumption of the Druzhba oil pipeline in central Poland, which was suspended last Saturday, on Tuesday, supply tensions have eased and Federal Reserve officials have stated9Further interest rate hikes may lead to a weak and volatile downward trend in oil prices.

In terms of bearish factors, last SaturdayPERNAfter detecting a leak in the Druzhba oil pipeline in central Poland, pumping through one section was suspended. Polish oil pipeline operatorPERNIt is expected that a pipeline transporting oil to Europe will resume operation on Tuesday, easing concerns about supply shortages. In addition, since the Russo Ukrainian War for over a year, this year6The average cost of Russian crude oil arriving on the Indian coast has dropped to a historic low. According to the latest data from the Indian Ministry of Commerce and Industry, the price per barrel of crude oil, including shipping costs, is68.17USD, compared to May's70.17Compared to the US dollar, the price has decreased slightly compared to a year ago100.48The US dollar has shown a more significant decline compared to other currencies. Although the price exceeds what Western countries have implemented against Russia60The US dollar limit does not include shipping costs.

In terms of positive factors, yesterday, the Chief Advisor of the Ukrainian Presidential Office, Podolyak, posted on social media stating that negotiations with Moscow are impossible, and Kiev opposes any ceasefire plan as it will mean a de facto victory for Russia. Baldriac believed that under the current circumstances, any plan of cease-fire and freezing the Russia-Ukraine conflict would only mean that Russia had achieved a de facto victory. He emphasized that there can be no negotiation process in the current situation, and Ukraine needs more weapons, missiles, and aircraft. In addition, all three major US stock markets closed higher, including the S&P index closing higher0.89%The Dow Jones Industrial Average closed higher1.16%And the Nasdaq Index closed higher0.61%。

In summary, oil prices have eased concerns about supply shortages and6The monthly sales of Russian oil to India hit the lowest level since the Russo Ukrainian War and fluctuated downwards. However, geopolitical tensions and the overall rise of US stocks have limited the decline in oil prices; Focus on China's trade account data and speeches from Federal Reserve officials during the day.

Press from above(Upper resistance) 85.70，86.00； From the downward direction, the lower support85.20。

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.