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CPT Markets:EIAThe decline in oil storage and the attack on Russian refineries have led to a near increase in oil prices3%! Within the day...

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CPT Markets:EIAThe decline in oil storage and the attack on Russian refineries have led to a near increase in oil prices3%! Within the day...373 / author:CPT / PostsID:1727878


Brentcrude oil (Brent Oil):

CPT Markets:EIAThe decline in oil storage and the attack on Russian refineries have led to a near increase in oil prices3%! Within the day...393 / author:CPT / PostsID:1727878





Brent crude oil rose sharply after closing high on Wednesday and rose to83.59Nearby, due to an unexpected decrease in US crude oil inventories, a greater than expected decrease in US gasoline inventories, and potential supply disruptions following Ukraine's attack on Russian refineries.
In terms of bullish data, oil prices surged nearly on Wednesday3%, closing at a four month high. US Energy Information AdministrationEIAAs of3month8The inventory changes of crude oil and gasoline in the past week were significantly lower than expected and decreased to153.6Wanhe566.2Ten thousand barrels. In addition, in Russia, Ukraine attacked a refinery in a fierce drone attack the next day, resulting in the Russian State Oil CompanyRosneftThe largest refinery caught fire, Russian President Vladimir Putin Ukraine is attempting to disrupt Russia's presidential election this week. For this,Lipow Oil AssociatesCEOAndrew LipowIt is stated that due to the destruction of Russia's refining capacity by Ukrainian drone attacks, this may lead to a decrease in diesel exports from Russia, and Russia may start importing gasoline, which will of course affect global prices. Russian President Putin said in a speech on Wednesday that Russia is still in a state of readiness and fully prepared for nuclear war, but not everything is rapidly developing in this direction now.
On the other hand, the market believes that the latest US inflation data will not hinder mid year interest rate cuts, and this sentiment also provides support for oil and broader financial markets. Because lowering interest rates can promote economic growth and support oil demand. Tuesday OPECOPECAdhering to its forecast of relatively strong global oil demand growth for this year and next, and further increasing its forecast for economic growth this year, it stated that there is still greater room for growth. International Energy Agency IEAThe expected demand growth will be much lower, and the institution will update its forecast on Thursday.
Press from above(Upper resistance) 83.50,83.90; From the downward direction, the lower support83.10。
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.




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