The IEA raised crude oil demand, and crude oil broke through the year's high

Sina Financial News The monthly report released by the IEA last night showed that oil supply and demand will turn into a “slight deficit” in 2024, superimposed on the escalation of geopolitical tensions, international oil prices broke through the high point of the year, and accompanied by the monthly difference higher. The domestic SC crude oil price has refreshed the high point of the year together with the monthly difference. Gasoline crack spreads rebounded, U.S. refined oil products went to storage, gasoline and diesel demand rebounded to a neutral level in the same period of the previous year, and U.S. crude oil inventories finally turned down, easing concerns about the demand for refined oil. Superimposed geopolitical escalation, crude oil rally in advance, the subsequent demand for refined oil products will rebound seasonally, OPEC+ production cut to the end of the second quarter, so it is believed that crude oil prices fluctuate upward, there is still room to rise, mainly to go long on dips.