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CPT MarketsThe attack on energy infrastructure in Ukraine and Russia has caused oil prices to rise by over1%! day...

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Brentcrude oil (Brent Oil):
CPT MarketsThe attack on energy infrastructure in Ukraine and Russia has caused oil prices to rise by over1%! day...37 / author:CPT / PostsID:1727968




Brent crude oil rose sharply after closing high on Monday, and opened today with a rise of86.11Nearby,WTICrude oil prices rose in early trading in the United States, as demand may rebound and supply risks may increase due to geopolitical issues.

In terms of Lido data and supply, Russia faces a dual problem of sanctions and Ukrainian drone attacks on Russian refineries and storage facilities. In terms of demand, the forecast that the Federal Reserve will cut interest rates three times this year, combined with the decrease in borrowing costs in Europe, may stimulate the global economy, thereby stimulating demand for oil. Meanwhile, the US dollar has slightly fallen from last week's rise. Although the Federal Reserve has clearly stated that it will cut interest rates three times this year, the market does not seem to buy it. This week, the Federal Reserve's preferred inflation indicator - personal consumption expenditurePCEPrice index - to be released on Friday, another rise in inflation may indicate market chaos.

In addition, the market is starting to anticipate Saudi Arabia's potential extension for the remainder of this year10010000 barrels/Prepare for daily production cuts to maintain oil prices at80Above USD. According to Bloomberg, the Iraqi government and oil companies accuse each other of postponing the resumption of an important pipeline to Türkiye, which is currently under discussion and may be closed for a longer time. With interest rate cuts in the United States and Europe, Goldman Sachs is optimistic about the overall outlook for commodities this year. Due to the risk of sanctions, Indian refiners will no longer accept Russian state-owned enterprisesSovcomflot PJSCOwned oil tankers. Bloomberg reported that several OPEC representatives believe there is no reason to change current policies given next week's meeting. The United Nations Security CouncilUN Security CouncilCalling for an immediate ceasefire in Gaza, the United States abstained in voting to exercise its veto power, while Israel demanded that the United States exercise its veto power.

Press from above(Upper resistance) 86.10,86.50; From the downward direction, the lower support85.70。

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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