CPT MarketsConcerns about escalating conflicts in the Middle East have helped push up oil prices by more than1%! Follow within the day...

Brentcrude oil (Brent Oil)：

Brent crude oil rose and fell on Thursday, but rose to78.07Nearby, the prospect of escalating conflict in the Middle East after Iran detained an oil tanker off the coast of Oman has raised market concerns, with crude oil prices rising by approximately1%。

In terms of Lido data, a vessel flying the flag of the Marshall Islands was seized in the Middle East and IranSt. NikolasAn oil tanker, which carried Iraqi crude oil to Türkiye in retaliation for the seizure of the same ship and its oil products by the United States last year. St. NikolasThe detention coincides with the Yemeni Husai Movement, which is a series of attacks launched by Iranian backed Husai militants on the Red Sea route over the past few weeks. The United States and the United Kingdom have hinted that if the attack continues, they will take further measures. The United Nations Security Council has passed a resolution calling for an immediate end to the attacks by the Housai rebels. Barclays Bank stated that due to slowing demand, Middle East turmoil, and lackluster market reactions to oil prices, manufacturers, consumers, and market participants are all anxious about oil prices.

In terms of bearish data, despite the volatile situation in the Middle East, as traders attempt to assess the outlook, oil has still struggled to find a clear direction so far this year, fluctuating between daily gains and losses. Barclays will 2024 Annual Brent crude oil forecast lowered 8dollar/Barrel to85dollar/Barrel, due to higher than expected inventory, and OPEC+ The time required to normalize idle production capacity will be longer than expected. In addition, earlier in the trading day, both benchmarks rose by more than2dollar/Barrel, but fell after unexpected increases in inflation in the United States and reports of China seeking to reduce imports from Saudi Arabia.

Although US data shows that12Monthly consumer inflation increases year-on-year3.4%Higher than expected by economists surveyed by Reuters3.2%Growth, but oil prices are rising. The unexpected increase in inflation may have delayed the Federal Reserve's decision to3The long-awaited interest rate cut scheduled for the month. Energy consulting companyGelber and AssociatesAccording to analysts, given that the market has been pricing for3The monthly interest rate cut and the expected delay in the current schedule will weaken market sentiment and may lead to a decline in oil prices.

Press from above(Upper resistance) 78.00，78.40； From the downward direction, the lower support77.70。

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.