U.S. crude inventories fell more than expected, providing support to oil prices, but there was some pressure on concerns that higher interest rates could affect global growth. U.S. jobless claims fell the most in 20 months last week, the latest sign of economic resilience that could push the Federal Reserve to raise interest rates in July. Fed Chairman Jerome Powell hinted that Fed policymakers are likely to resume raising rates this month, while a series of stronger-than-expected U.S. economic data from the latest release underscored the case for further
tightening of monetary policy. Overall, hawkish comments from the Fed limited oil price gains, but jobless claims fell the most in 20 months, and next week's non-farm payrolls data could be better than expected; It should also be noted that the US-Iran negotiations have once again encountered obstacles, and crude oil is likely to maintain a volatile rise
Crude oil is still in a wide range of shocks, because the range has not contracted, so the possibility of breaking is not large, wide range of volatility range continues to focus on around 66.70-74.80, the probability of breakthrough is small, comprehensively, crude oil next week opening operation ideas recommended to rebound low mainly, the upper short-term focus on 71.8-72.3 resistance, the short-term focus on 68.5-68.0 support below.
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Saudi Arabia, the world's largest oil exporter, extended its production cuts until August, spurring oil prices higher
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