Crude oil: shock consolidation The trend is still on the strong side

On the evening of June 6, internal and external oil prices remained at a high level of volatility, with small fluctuations, and may remain volatile
during the day.
Recently, the supply-side market expectations have changed rapidly, and the real scale of Russian oil exports under EU sanctions has produced a large expectation gap, driving oil prices to break down for
a while.
However, with the arrival of the peak of summer oil consumption in the northern hemisphere and the hopelessness of the short-term return of Russian and Iranian crude oil, the average price of crude oil may remain high in the coming week under the continuation of the supply shortage pattern
.
In addition, the short-term market still maintains a wait-and-see attitude towards the inflation trend in the United States and Europe, and inflation expectations are still strong
.
From the perspective of the service industry PMI of overseas economies, the downward inflection point trend is still not smooth, which may mean that the current terminal demand for oil products is still strong, and support oil prices to continue to strengthen
in the short term.
If inflation remains high, the probability of refined oil cracking remains high, and the medium-term trend of oil prices is still easy to rise and difficult to fall
.
In the Asia-Pacific market, the export situation of the Asia-Pacific region is wary of the sharp increase in supply to the Asia-Pacific region and the resulting additional negative impact on SC
due to the reduction of supply to Europe.