CPT Markets：IEARaising demand expectations has brought oil prices to a new high of over four months! day...

Brentcrude oil (Brent Oil)：

Brent crude oil rose to84.53Nearby, it has reached a peak of over four months due to the International Energy AgencyIEAforecast2024The market will become even more tense this year and have raised concerns about the growth in oil demand.

In terms of Lido data, on Thursday, the International Energy AgencyIEAIt is stated that the easing of post pandemic turmoil and the gloomy economic outlook will suppress demand growth this year, even if shipping disruptions will bring short-term boost.IEAPointing out that the global economic slowdown, improved fuel efficiency of cars, and increased number of electric vehicles will all bring additional resistance to the use of oil.IEAThe estimated increase in oil demand this year is13010000 barrels/Today, the growth rate has decreased by a whole compared to last year10010000 barrels/Day, but increased from last month's estimate1110000 barrels/On the same day, the attack by the Husai armed forces in the Red Sea led to a detour in the supply chain.IEAWe have also lowered our supply forecast for this year, and now we expect an increase in oil supply this year8010000 barrels/Day, reach1.029Billion barrels/Day. Regarding this,BOK FinancialSenior Vice President of Trading DepartmentDennis KisslerIndicating that demand remains high, while supply is becoming increasingly tight, especially in the fuel sector. The refining profit is also very considerable, which is a favorable factor for the demand for crude oil.

On the other hand, Ukrainian drones attacked Russian refining facilities for the second consecutive day on Wednesday, targeting four large refineries. The Russian Ministry of Energy stated that due to drone attacks and fires in Ukraine leading to refinery shutdowns, Russia2The monthly export volume of maritime fuel has decreased month on month1.5%. The data released by the US government on Wednesday showed a significant decline in US crude oil and gasoline inventories last week, and it is expected that gasoline prices at gas stations will rise significantly in the coming weeks due to widespread refinery shutdowns leading to a decrease in supply before the summer driving season arrives. In addition, the United States2The monthly producer prices have risen0.6%Part of the reason is that the increase in gasoline prices exceeded expectations.

Press from above(Upper resistance) 84.50，84.90； From the downward direction, the lower support84.10。

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.