The rise in international oil prices is constrained by the epidemic, but the bulls still have two forces to support the provider FX678

On Wednesday (June 30), the upward momentum of international oil prices was restrained. Although a previous industry report showed that U.S. crude oil inventories fell last week and the Iranian nuclear deal had a bumpy road to rebirth, traders and investors’ concerns about transportation restrictions imposed by some countries due to the increase in new crown cases have limited the rise in oil prices.

At 15:58 Beijing time, NYMEX crude oil futures rose 0.23% to $73.15/barrel; ICE Brent crude oil futures traded at a flat level of $74.28/barrel.

The highly contagious Delta variant virus is circulating in many countries, prompting Australia, Portugal and other countries to adopt new blockades or movement restrictions.

However, data from the American Petroleum Institute (API) showed that US crude oil inventories fell by 8.153 million barrels. Gasoline inventories still increased by 2.418 million barrels, and distillate inventories increased by 428,000 barrels.

However, OPEC Secretary General Barkin has played a role in promoting the expectation of a full economic recovery. He said on Tuesday that demand in 2021 is expected to increase by 6 million barrels per day, of which 5 million barrels per day will be reflected. In the second half of this year.

He made this prediction at a meeting of the OPEC+ Joint Technical Committee. The OPEC+ Ministerial Oversight Committee meeting to be held later this week will determine the coalition’s output policy, and they will release some suppressed output.

Goldman Sachs analysts wrote in a report: “Ultimately, OPEC+ needs more oil production to balance the market by 2022.” The bank predicts that oil demand will increase by an additional 2.2 million barrels per day by the end of the year, resulting in 5 million. Barrel/day supply gap.

UN Secretary-General Guterres called on the Biden administration of the United States to lift or abandon all sanctions against Iran in accordance with the 2015 nuclear agreement. In recent weeks, indirect negotiations between the United States and Iran have failed to achieve a breakthrough, and Washington’s return to the agreement and the lifting of sanctions have slowed.

In a report submitted to the UN Security Council, Guterres stated: “I still believe that a full restoration of the program is still the best way to ensure that Iran’s nuclear program is fully used for peaceful purposes.” He also urged the United States to extend its engagement with Exemption for Iran’s oil trade.