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rb Pingtian International Platform Information is doubtful whether the agreement can be finalized at the meeting on May 1st Amid the noise, crude oil continued its decline over the past three weeks. Crude oil fell after rising earlier to trade at USD a barrel. On March 3, data released by the U.S. Energy Information Administration showed that U.S. crude oil inventories increased for three consecutive weeks in the week ending March 3, by 10,000 barrels. An increase of 10,000 barrels was expected, and the previous value increased by 10,000 barrels. After the crude oil inventory data was released, oil prices fell for a while, but then the Russian Energy Minister's speech about reaching an agreement caused oil prices to stop falling and rise. Before the data was released, the strategy of Ninggui Asphalt that we reminded of stepping back and placing long orders was also able to enter the market to make a profit, and the goal was only to exit the market. Novak said that consultations on joint actions on the crude oil market will continue with a high probability of reaching an agreement, and that the decision lies in the decision that Russia will support. Once a deal is finally reached, crude oil prices will benefit from rising prices. Oil prices hit their biggest gain since January on Tuesday, signaling a final diplomatic push for a deal to cut crude production capacity. While Russia arranges informal talks with countries including Saudi Arabia in Doha this week, top executives are touring member states. Members of the oil-producing countries will hold formal talks in Vienna on October 1, aiming to bring into effect the agreement to limit production proposed this month. Although the market is tired of the verbal commitments of various oil-producing countries, every time there are relevant remarks, it always stimulates a rebound in oil prices. At present, the market still places its hope on the production freeze agreement at the end of this month, so Lao Xie Alchemy predicts that oil prices may still rebound in the near future, waiting for The direction will be chosen based on the results after the meeting, so in terms of recent operations, we can still maintain the main focus of buying back and going long.
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