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

Since lower interest rates can reduce consumer borrowing costs, thereby boosting the economy and boosting oil demand, if the central bank delays the pace of rate cuts in the future because inflation is rising again, this could in turn hit oil prices.。

In addition to the sharp fall in the crude benchmark, a large number of data and inventory data from the United States may also have an impact on oil prices。

Predictably, international oil prices will continue to be under pressure for some time.。

Previously, oil producers were facing an increasingly fragile oil price situation, with Brent prices falling nearly 20 percent since their September peak。

Dollar volatility affects commodity prices, and the end of negative events could also lead to increased oil market supply in the short term。

Increased crude supplies from Russia and Iran due to weak demand, or weakening the bullish outlook for oil prices。Against this backdrop, Wall Street bankers have cut their oil price forecasts。

On June 7, WTI crude oil fluctuated within a narrow range during the day and is currently trading at 71.Near $28 / bbl, completely erasing gains from the first trading day of the week due to the production cut agreement, the weekly level fell nearly 1%。