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CPT MarketsThe ongoing tension in the Red Sea continues to disrupt global trade, causing oil prices to rise by over3%!...

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CPT MarketsThe ongoing tension in the Red Sea continues to disrupt global trade, causing oil prices to rise by over3%!...894 / author:CPT / PostsID:1727564

Brentcrude oil (Brent Oil):

CPT MarketsThe ongoing tension in the Red Sea continues to disrupt global trade, causing oil prices to rise by over3%!...335 / author:CPT / PostsID:1727564







Brent crude oil rose to81.77Nearby, due to US economic data showing faster than expected growth in the fourth quarter of last year, the market was optimistic and lowered expectations for the Federal Reserve to cut interest rates. At the same time, the ongoing tension in the Red Sea continued to disrupt global trade, with oil prices rising by approximately on Thursday3%, closed last year12The highest level since the beginning of the month.
In terms of bullish data, Thursday's data showed that the US economy grew faster than expected in the fourth quarter, which is a positive demand indicator. With the cooling inflation driving consumer spending, the US economy grew faster than expected in the fourth quarter, putting an end to last year's unexpectedly strong growth. According to preliminary estimates released by the government on Thursday, the fourth quarter of the United StatesGDPEquivalent to annual growth rate3.3%,2023Throughout the year, the US economy grew2.5%. Commercial investment and the real estate market also helped drive higher than expected economic growth in the previous quarter. In addition, according to the US Energy Intelligence AgencyEIAAs of Wednesday's weekly report1month19During the current week, there has been a significant decrease in crude oil inventory changes 923.3Ten thousand barrels. This is a significant decrease compared to the previous week's data. Severe weather conditions such as storms and cold waves have disrupted crude oil production and transportation, especially in North Dakota, leading to fluctuations in inventory levels and supporting prices.

On the other hand, the geopolitical tensions in the Middle East and the disruption of shipping in the Red Sea Corridor remain the focus. Maersk stated that the explosion forced two ships operated by its US subsidiary carrying US military supplies to retreat while passing through the Strait of Mand in Yemen with the accompaniment of the US Navy. Scope Markets Chief Market Analyst Joshua Mahoney We have finally seen the energy market realize the clear possibility that supply chain disruptions may last for several months. The prospect of ensuring safe passage through military solutions seems unlikely, The Yemeni armed leader of Housa stated on Thursday that the organization will continue to target ships associated with Israel until aid reaches the hands of the Palestinian people in Gaza. Mizuho Energyfutureschief inspector Bob Yogg Ukraine's drone attack on a refinery in southern Russia overnight has also raised supply concerns.

Press from above(Upper resistance) 81.70,82.20; From the downward direction, the lower support81.40。

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.



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