CPT MarketsMiddle East geopolitical tensions continue to rise, continuing to support oil prices! Day Pass...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to82.58Nearby, due to ongoing hostilities in the Red Sea region, the Hussein armed forces allied with Iran have intensified their attacks near Yemen, and the prospect of a Fed rate cut is leaning towards support Oil prices led to a slight increase in oil prices yesterday.

In terms of Lido data, Israeli Army Radio reported on Thursday that Prime Minister Netanyahu's wartime cabinet has approved sending representatives to participate in the Gaza ceasefire negotiations held in Paris. On Thursday, the armed leaders of Husai stated that they will escalate attacks on ships passing through the Red Sea and other waters, and have introduced submarine weapons. The organization continues to attack ships as a sign of support for the Palestinian people in the Gaza War.Again CapitalpartnerJohn KilduffIt is stated that the situation in the Red Sea continues to ferment, and the market is becoming more aware that this is a problem that will not disappear soon, and Europe is the first to be affected in terms of supply. However, Europe's supply problem will become a supply problem for the United States Because this will put pressure on gasoline and diesel in the United States. On the other hand, Philadelphia Fed Chairman Huck stated that the next step in monetary policy is to cut interest rates. Federal Reserve Vice Chairman Jefferson stated that a series of economic indicators will be monitored to determine whether the timing of interest rate cuts has arrived.

In terms of bearish data, the increase in US oil inventories was limited on Thursday due to refinery maintenance and shutdowns. On Thursday, the US Energy Information AdministrationEIAAs of2month16Within a week of the day, crude oil inventories increased350Ten thousand barrels, reaching4.429Billion barrels, analysts expect an increase390Ten thousand barrels. Last week, the utilization rate of refinery capacity remained at80.6%Unchanged, analysts previously expected to rise to81.5%。 Data shows that gasoline inventories on the East Coast of the United States have risen to2022year1The highest level since the beginning of the month. 02month16The domestic crude oil production in the United States remained at1330.010000 barrels/Day remains unchanged; The average four week supply of crude oil products in the United States is1963.010000 barrels/Day, decreased compared to the same period last year2.05%; Increase in commercial crude oil inventories excluding strategic reserves351.4 10000 barrels to4.43Billion barrels, growth rate0.8%，2023year12month15The highest since the beginning of the week.

Press from above(Upper resistance) 82.50，82.90； From the downward direction, the lower support82.10。

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.