CPT MarketsThe easing of supply concerns in the Middle East and the fading of war premiums have caused oil prices to fall by more than...

Brentcrude oil (Brent Oil)：

Brent crude oil opened today for consolidation after a slight decline in Monday's closing86.56Nearby, due to easing supply concerns in the Middle East, war premiums have subsided, and oil prices have fallen by over 3%。

In terms of bearish factors, concerns in the market that the Israeli Palestinian conflict will disrupt supply in the region have eased recently, and the market has become more cautious before this week's Federal Reserve meeting. Ritterbusch & Associates CEO Jim Ritterbusch The main feature here is the market's response to the Israeli Palestinian conflict. Macroeconomic factors are likely to emerge later this week, and we will see if the Federal Reserve has anything to say. Despite the increase in crude oil prices last Friday 3%This has raised concerns in the market that conflicts may escalate in this region, which accounts for one-third of global oil production, and analysts said these concerns are fading on Monday. Price Futures Group analyst Phil Flynn The war premium has been withdrawn from the market. Despite the intensification of the weekend war, the supply seems to have not been interrupted.

In terms of institutional reviews, oil brokersPVM ofJohn Evans)In a commentary published by Reuters, it was stated that market users tend to hold at least a certain amount of oil positions on weekends, and when the fear of conflict spreading is not confirmed by Monday morning trading, fear hedging is usually lifted. Regarding this,CMC Marketsanalyst Tina Teng They also agreed and stated that despite the escalation of the war between Hamas and Israel, the market generally expects a ground invasion. The weekend match indicates that it will not further expand into broader regional wars, which has led to a decline in oil prices.

In summary, oil prices have been suppressed by easing supply concerns in the Middle East and diminishing war premiums; In addition to paying attention to the situation in the Middle East, the market should also pay attention to the Eurozone countries within JapanGDPData and economic data released this week.

Press from above(Upper resistance) 86.50，86.90； From the downward direction, the lower support86.10。

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.