US crude oil inventories have increased for the seventh consecutive week

Huitong Network2month27Daily News - Monday(2month27day)The rise in international oil prices has recovered from the previous trading day's decline and is expected to achieve near6Within trading days4The sky is rising as the global oversupply seems to have eased, but the increase in US production has limited the increase.

As of publication deadline, United Statescrude oilTrading in54.35dollar/Barrel, up0.67%; Brent crude oil operates on56.71dollar/Bucket, floating upwards0.71%。

Since last year11monthOPECSince reaching production reduction agreements with other oil producing countries, the market has been supported, with fluctuations limited to4-5Within the narrow range of the US dollar.

Oil prices last Friday(2month24day)Big drop due to the American Energy Data Association(EIA)Data shows that crude oil inventories increased last week564000Barrel to5.187Billion barrels, US crude oil inventories have increased for the seventh consecutive week.

However, this is the smallest increase in the past few months. If the trend of decreasing imports and narrowing inventory growth continues for several weeks, it may meanOPEC"The leading production reduction is beginning to have an impact," ANZ Bank stated in its report.

OPECThe compliance with the agreement this time has been the best in history, surprising the market, while the oil producing countries with the most severe delays, the United Arab Emirates and Iraq, have also promised to catch up and achieve their reduction targets.

International Energy Agency(IEA)Weighing,OPECstay1The completion rate of monthly production reduction has reached90%; According to the Reuters survey on average production, the completion rate of production reduction is88%。

commodityfuturesTrading Committee(CFTC)Last Friday, fund managers reported that as of2month21Increase holdings in US crude oil futures andoptionJingduocang, at least2009The highest record level since the beginning of the year.
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