CPT MarketsRussia's production reduction news boosted oil prices! Pay attention to Europe and America in the futurePMI...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to86.73Nearby, prices are approaching upwards8month10The recent high has been mainly influenced by yesterday's news from Russia about continuing its production reduction strategy.

Organization of the Petroleum Exporting CountriesOPECAnd the oil producing allies led by Russia began restricting oil production at the end of last year to stimulate the market, and this year6The supply restriction will be extended to next year. Deputy Prime Minister of RussiaAlexander Valentinovich NovakEmphasized the upcoming OPEC next week+Decision, indicating that it will be8Monthly reduction in oil exports5010000 barrels/Day, accounting for approximately5%，9Monthly decrease3010000 barrels/Day. In addition, analysts predict that Saudi Arabia, the world's largest oil exporting country, will extend its voluntary production reduction until10This will also continue to tighten oil supply.

In addition, the Russian Ministry of Defense8month30The daily report stated that the Russian military used high-precision long-range air and sea based weapons to strike the Ukrainian military command and intelligence outposts on the same day, and the strike targets have been achieved, with designated targets all hit. The Russian army also repelled Ukrainian attacks in multiple directions such as Donetsk, Zaporizhzhia, and Kupyansk, striking Ukrainian personnel and military equipment. In addition, Russian air defense forces shot down Ukrainian drones in multiple areas such as Bryansk Oblast and intercepted a missile in Crimea. Ukrainian Armed Forces General Staff Department30It is reported that the Ukrainian army continues to carry out offensive operations in the direction of Melitopol and repels Russian attacks in eastern Bachmut and other areas. The Ukrainian military also launched strikes on Russian air defense missile systems and other targets.

In summary, oil prices were boosted by yesterday's news of Russia's continued production reduction strategy and geopolitical tensions; There are many heavyweight economic data and risk events on this trading day, including Europe and AmericaPMIAnd non farm data from the United States.

Press from above(Upper resistance) 86.70，87.20； From the downward direction, the lower support86.40。

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.