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CPT MarketsThe attack on a Russian refinery has caused oil prices to hit new highs for several months for two consecutive days! Within the day...

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CPT MarketsThe attack on a Russian refinery has caused oil prices to hit new highs for several months for two consecutive days! Within the day...263 / author:CPT / PostsID:1727921

Brentcrude oil (Brent Oil):

CPT MarketsThe attack on a Russian refinery has caused oil prices to hit new highs for several months for two consecutive days! Within the day...561 / author:CPT / PostsID:1727921





Brent crude oil closed slightly higher on Tuesday and opened today for consolidation86.50Nearby, it rose to a several month high for the second consecutive trading day as traders assessed how Ukraine's recent attack on Russian refineries will affect global oil supply.

In terms of Lido data, Ukraine has intensified its attacks on Russia's oil infrastructure this year, with at least seven refineries targeted by drone attacks this month alone. Calculations show that these attacks have led to a decline in Russia's refining capacity7%About37.0510000 barrels/The daily production capacity is suspended. Regarding this,StoneXEnergy AnalystAlex HodesAlthough the decrease in refining activities has led to an increase in Russian crude oil exports, it may also result in a reduction in crude oil production due to storage capacity limitations faced by the country. according toHodesAccording to calculations, an attack on a Russian refinery could lead to a decrease in global oil supply by approximately3510000 barrels/Day, and causing the price of US crude oil to rise per barrel3US dollars. The decline in crude oil exports from Saudi Arabia and Iraq, as well as signs of strong demand and economic growth from China and the United States, have provided support for oil prices. In addition, the US Department of Commerce reported that,2The construction of single family homes in the United States rebounded significantly in the month. Residential construction may promote economic growth and support oil demand.

On the other hand, the latest releasedAPICrude oil inventory data shows that US crude oil and gasoline inventories decreased last week, providing support for oil prices. As of3month15During the past week, crude oil inventories decreased150The inventory of ten thousand barrels and gasoline has decreased160Ten thousand barrels. The energy market is increasingly concerned that the decline in crude oil supply will continue into the near future. Although the Organization of the Petroleum Exporting CountriesOPECThe oil mining output of foreign countries (especially the United States) has reached a record high, but the market generally expects that the crude oil market will have medium - and long-term supply constraints, thus pushing up the cost per barrel. Commodity trader Gonwall Group predicts that US crude oil production will increase by more than4010000 barrels/Day. Even if notOPEC+Production reduction measures, oil prices will still reach85-90USD.

Press from above(Upper resistance) 86.50,86.90; From the downward direction, the lower support85.10。

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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