The market's position on crude oil in early April has changed from moderately bullish to strongly bearish.

U.S. crude exports have set five new monthly records since the West began imposing sanctions on Russia in 2022.

OPEC + will consider extending the voluntary production cut agreement into the second quarter in order to provide additional support to the market, three OPEC + sources said, two of which said the deal could last until the end of the year.。

On Monday, February 26, as European diesel demand was constrained by Russian sanctions and shipping disruptions, the market was uneasy about oil prices amid restrictions on U.S. refinery production due to planned overhauls.。

On Feb. 23 (last Friday), oil prices fell nearly 3 percent and hit a weekly decline after Federal Reserve Williams said a rate cut could be delayed for at least another two months。

Yemeni Houthi leader Abdul Malik Houthi said in a speech that the Houthis had introduced "underwater weapons" in their attacks on targets in the waters of the Red Sea.。The Houthis said operations in the waters of the Red Sea were continuing and escalating.。

The market structure, known as the inverse spread structure, is seen as a sign of tight supply in the market.。

The six-month spread on oil futures reached its highest point since October, a sign that the market is tightening。

February 19 (Tuesday), due to the United States President's Day holiday, the oil market trading volume than usual, Brent crude oil futures settlement time is also due to the holiday earlier than usual。

U.S. Energy Information Administration (EIA) inventory data last week showed that U.S., gasoline and intermediate distillate inventories fell more than expected, which also boosted the oil market。

A report released by the U.S. Energy Information Administration (EIA) on Wednesday showed that U.S. crude oil inventories increased last week, while gasoline and distillate inventories decreased.。Gasoline inventories fell 314 in the week, data show.50,000 to 20,000 barrels.509.9 billion barrels, well above market expectations of a reduction of 140,000 barrels。

Data released by the National Petroleum Institute (API) on Tuesday showed that U.S. crude oil inventories and gasoline inventories increased last week, while distillate inventories fell。

On Monday, February 5, international oil prices rose by about $1 a barrel due to concerns about tensions in the Middle East and the Russian-Ukrainian war curbing global crude supplies.。

Last Friday, the U.S. January non-farm payrolls data unexpectedly "burst," non-farm payrolls: an increase of 35.30,000, expected 18.50,000 people。

Al-Jazeera previously reported that Qatar said Israel agreed to the ceasefire proposal.。The report was subsequently removed.。

U.S. crude oil inventories rose 1.2 million barrels in the week ended Jan. 26 to 4..219.1 billion barrels, analysts expected a decline of 21.70,000 barrels。

Yesterday, Pakistan launched a crackdown on separatist militants, while Iran said in Tehran it was retaliating against another group based in Pakistan.。

The International Monetary Fund (IMF) released an update to its World Economic Outlook report on January 30, raising its global economic growth forecast for 2024 to 3.1%, 0% higher than last October's forecast.2 percentage points。

Evergrande Group Executive President Sean responded to the media that China Evergrande was awarded a winding-up order.。Sean said that next, the Group will face up to difficulties and problems, take all legal and compliance measures, and steadily promote the normal operation of the Group's business on the premise of protecting the legitimate rights and interests of domestic and foreign creditors.。

Data released Thursday by the Commerce Department's Bureau of Economic Analysis showed that real GDP recorded an annualized quarterly growth of 3 percent in the fourth quarter..3%, with full-year 2023 economic growth of 2.5%。