CPT Markets：EIAUnexpected drop in oil storage and global demand forecast increase push up oil prices...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to78.70Nearby, due to the International Energy AgencyEIAOrganization of oil producing countriesOPECJoint predictions of strong global oil demand growth, coupled with cold winter weather disrupting US crude oil production, and government reports of significant weekly reductions in crude oil production, have led to a slight increase in oil prices.

In terms of Lido data, the US Energy Intelligence Agency report shows that as of1month12Daily and weekly crude oil inventory decrease249.2Ten thousand barrels. UBSUBSanalystGiovanni StaunovoConcerns about another significant increase in total inventory have not become a reality, providing moderate support for prices. IEAThe forecast for oil demand growth this year has been raised for the third consecutive time, and its monthly report predicts that oil demand will increase this year12410000 barrels/Day, increased compared to previous predictions1810000 barrels/Day. Wednesday Organization of Petroleum Producing CountriesOPECIndicating that demand is expected to increase this year22510000 barrels/Day, with12The monthly forecast remains unchanged. The producer organization also stated that oil demand is expected to grow strongly next year18510000 barrels/Day, reach1.0621Billion barrels/Day. Regarding this, the Executive Director of the International Energy Agency Fatih Birol Despite the tense situation in the Middle East, increased supply, and slowing demand growth, he expects the oil market to be comfortable and balanced this year.

In addition, ship tracking data shows that oil tankers that originally departed from the Red Sea have turned back and passed through the Strait of Mandate, but the tense situation in the region continues to disrupt global shipping and trade. Milkewei stated on the interactive platform yesterday that due to the impact of the Red Sea incident, the freight index of European and Mediterranean routes has recently increased, which has a certain positive impact on the company. However, the corresponding premium and other costs have also increased significantly, and there is uncertainty about the impact on freight forwarding business. Mitsubishi UFJ BankMUFGanalystEhsan KhomanIt is stated that the range trading of oil in recent days has strengthened the notion that the market is moving away from concerns about the potential risk of red sea attacks on oil tankers. In addition, California, IllinoisRitterbuschand AssociatesLLCCEOJimRitterbuschIt is stated that the turmoil in the Middle East has significantly increased freight and insurance rates, but apart from delaying transportation to Europe and other regions, it has not yet affected the total global oil supply.

Currently, it appears that,OPEC+The plan to manage oil supply will become the main factor in the market this year, and the tense situation in the Middle East is not expected to affect production. OPECAfter expectations of strong growth in oil demand for the next two years, as well as concerns about supply disruptions caused by tensions in the Middle East and the cold wave in the United States, oil prices have slightly risen.

Press from above(Upper resistance) 78.70，79.20； From the downward direction, the lower support78.40。

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.