CPT Markets: USAEIAThe increase in crude oil inventories caused oil prices to recoup their gains at the end of the trading day! Within the day...

Brentcrude oil (Brent Oil)：

After a significant decline in Brent crude oil on Wednesday, it fell to81.82Nearby, althoughOPEC+The news of possible extended production cuts supported oil prices to surge to nearly three and a half months high, but Federal Reserve decision-makers insisted on not lowering interest rates in the near future, and the increase in US crude oil inventories further put pressure, causing oil prices to recoup their gains in late trading.

In terms of bearish data, on Wednesday, the US Energy Information AdministrationEIAMeans as of2month23Increase in crude oil inventory for the current week420Ten thousand barrels, expected to increase270Ten thousand barrels.1The unplanned shutdown and planned maintenance of the refinery after the winter blizzard caused crude oil inventories to rise for five consecutive weeks. In addition, Federal Reserve Collins reiterated that interest rate cuts may begin later this year. Boston Fed Chairman Collins said the Fed may need to start cutting interest rates later this year. Collins stated that the recent higher than expected employment and inflation data means that the Federal Reserve is bringing inflation rates back2%The path towards the goal may still be rugged. Collins said she is looking for signs of sustained decline in housing inflation and non housing service inflation, as well as more evidence to prove that the speed of wage increases will not increase inflationary pressure. Collins stated that the Federal Reserve should take time to evaluate data before making any policy changes to ensure the achievement of the Fed's two major policy objectives.

In terms of Lido data, there were reports on Tuesday that the Organization of the Petroleum Exporting Countries and its allies led by RussiaOPEC+We will consider extending the voluntary oil production reduction period to the second quarter, which may lay the foundation for an increase in oil prices. last year11Month,OPEC+Agree to voluntarily reduce production by approximately22010000 barrels/Saudi Arabia took the lead in extending voluntary production cuts. However, Vito Energy Group stated that the oil market cannot afford the consequences of a decline in Russian production. Russia states that its exports of oil and petroleum products areOPEC+The reduction in proportion in the agreement is not so important, the most important thing is the reduction in exports5010000 barrels/Day.

In summary, oil prices are affected byEIAThe increase in crude oil inventories and the insistence of Federal Reserve decision-makers on not lowering interest rates in the near future have led to a decline, butOPEC+The news of possible extended production cuts supports oil prices; Key focus for the day will be on the United States1Monthly CorePCEPrice index.

Press from above(Upper resistance) 81.80，82.20； From the downward direction, the lower support81.50。

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.