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CPT Markets:EIAThe growth rate of oil storage is lower than expected and Saudi Arabia has raised the price of Asian oil! ...

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CPT Markets:EIAThe growth rate of oil storage is lower than expected and Saudi Arabia has raised the price of Asian oil! ...865 / author:CPT / PostsID:1727829


Brentcrude oil (Brent Oil):

CPT Markets:EIAThe growth rate of oil storage is lower than expected and Saudi Arabia has raised the price of Asian oil! ...244 / author:CPT / PostsID:1727829





Brent crude oil rose sharply after closing high on Wednesday and rose to82.64Nearby, due to a lower than expected increase in US crude oil inventories, a significant decrease in distillate and gasoline inventories, and the Federal Reserve Chairman's statement that interest rates are still expected to be lowered this year, Saudi Arabia unexpectedly raised interest rates The official crude oil prices in Asia have also boosted market sentiment.
In terms of bullish data, the Energy Information AdministrationEIAAnnouncement as of3month1The energy company's crude oil inventory increased within the past week140Ten thousand barrels, less than expected, while the decline in refined oil and gasoline inventories far exceeded expectations. Analysts had previously predicted an increase in crude oil inventories210Ten thousand barrels, industry organization American Petroleum InstituteAPIThe data shows an increase in40Ten thousand barrels. In addition, Powell stated in his speech prepared for Congress that the Federal Reserve still expects to lower benchmark interest rates later this year, although policymakers still need to have greater confidence in the sustained decline in inflation. After Powell's speech, the US dollar fell to a one month low. The weakening of the US dollar can enable buyers using other currencies to purchase cheaper oil, thereby stimulating demand for oil.
On the other hand, on Wednesday, Saudi Arabian National Oil Company(saudi aramco )A statement shows that Saudi Arabia, the top oil exporting country, has raised its flagship product, Arab light crude oil4Official monthly sales price for AsiaOSP, basically in line with expectations. Saudi Aramco will4Monthly shipment to Arabia in AsiaOSPSet as per barrel compared to Oman/Dubai's average price is high1.70USD, slightly higher than last month's per barrel1.50USD. This price is in line with market expectations, indicating that Saudi Arabia will maintain Arab light crude oil4The impact of the moon on AsiaOSPConstant or rising per barrel0.10-0.20USD. saudi aramco 4Moon on Northwest EuropeOSPDownregulated0.60to0.70US dollars, against the United StatesOSPThere is not much change.
Press from above(Upper resistance) 82.60,83.00; From the downward direction, the lower support82.20。
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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