Geopolitical crisis escalates, NYMEX crude oil prices close on May 6

Israeli warplanes carried out air strikes on the Jamralya military research center northwest of the Syrian capital Damascus, causing civilian casualties and heavy damage, and the French finance minister said it would end the country's austerity measures, allowing both the supply and demand ends of crude oil to support oil pricesNYMEX May crude futures rose $0.55, or 0.58 percent, to $96.16 a barrelxUY
Monday (May 6) :xUYIsraeli warplanes carried out air strikes on the Jamraya military research center northwest of the Syrian capital Damascus, causing civilian casualties and huge losses, while the French finance minister also said it would end the country's austerity measures, so that the supply and demand end of crude oil at the same time support oil pricesxUY
The daily K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow lineCrude oil prices held steady lower in AsiaEuropean sessions rose sharply in the opening session, with u.Ssessions finishing higherxUY
NYMEX May crude futures hit a high of $97.17 a barrel, hitting a low of $94.85 a barrel, up $0.55, or 0.58 percent, at $96.16 a barrelxUY
　　Fundamentals positive: xUY 1 Syrian media reported that Israeli warplanes had struck a Syrian military research center in the Jemraya area, a suburb northwest of Damascus, in the early hours of Sunday morning Israeli radio quoted Syrian opposition sources as saying that eight explosions had been heard in half an hour xUY
　　In an interview with the media, Benoit Coeure, a member of the European Central Bank's executive committee, said the ECB was ready to cut interest rates further if the eurozone economy deteriorated xUY
　　Germany's services purchasing managers' index (PMI) ended better than expected in April from a better-than-expected level, but still did not return to growth, according to data compilor Markit on Monday Germany's Markit/BM E services purchasing managers' index (PMI) ended at 49.6 in April, with an expected 49.2 and a 50.9 in March, the data showed xUY
　　Pierre Moscovici, France's finance minister, said on Sunday local time that France's austerity measures would come to an end xUY
　　Fundamentals: The euro zone's composite purchasing managers' index picked up better than expected in April from March, but the state of The German economy remained worrying, according to data compilor Markit on Monday The euro zone's composite PMI ended at 46.9 in April, with an expected 46.5 and a 46.5 march, the data showed Data released at the same time showed that the final PMI for the services sector rose to 47.0 in April, with an expected 46.6 in March and 46.4 in March xUY
　　Technical pattern analysis: xUY -day K-line chart shows that NYMEX May crude oil futures closed with a lower shadow line of small yang line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down xUY
　　Future Outlook: "Geopolitical tensions raise the risk premium and there are fears that the Israeli attack could trigger conflicts in other countries and Syria, which allows oil prices to rise further after last week's non-farm payrolls data," said Victor Shum, a crude oil trading consultant at xUY IHS in Singapore xUY Israeli warplanes carried out air strikes on the Jamraya Military Research Center, northwest of the Syrian capital Damascus, causing civilian casualties and heavy damage, while the French finance minister also said it would end the country's austerity measures, allowing both the supply and demand ends of crude oil to support oil prices NYMEX May crude futures rose $0.55, or 0.58 percent, to $96.16 a barrel xUY
　　Monday (May 6) : xUY Israeli warplanes carried out air strikes on the Jamraya military research center northwest of the Syrian capital Damascus, causing civilian casualties and huge losses, while the French finance minister also said it would end the country's austerity measures, so that the supply and demand end of crude oil at the same time support oil prices xUY
　　The daily K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow line Crude oil prices held steady lower in Asia European sessions rose sharply in the opening session, with u.S sessions finishing higher xUY
　　NYMEX May crude futures hit a high of $97.17 a barrel, hitting a low of $94.85 a barrel, up $0.55, or 0.58 percent, at $96.16 a barrel xUY
　　Fundamentals positive: xUY 1 Syrian media reported that Israeli warplanes had struck a Syrian military research center in the Jemraya area, a suburb northwest of Damascus, in the early hours of Sunday morning Israeli radio quoted Syrian opposition sources as saying that eight explosions had been heard in half an hour xUY
　　In an interview with the media, Benoit Coeure, a member of the European Central Bank's executive committee, said the ECB was ready to cut interest rates further if the eurozone economy deteriorated xUY
　　Germany's services purchasing managers' index (PMI) ended better than expected in April from a better-than-expected level, but still did not return to growth, according to data compilor Markit on Monday Germany's Markit/BM E services purchasing managers' index (PMI) ended at 49.6 in April, with an expected 49.2 and a 50.9 in March, the data showed xUY
　　Pierre Moscovici, France's finance minister, said on Sunday local time that France's austerity measures would come to an end xUY
　　Fundamentals: The euro zone's composite purchasing managers' index picked up better than expected in April from March, but the state of The German economy remained worrying, according to data compilor Markit on Monday The euro zone's composite PMI ended at 46.9 in April, with an expected 46.5 and a 46.5 march, the data showed Data released at the same time showed that the final PMI for the services sector rose to 47.0 in April, with an expected 46.6 in March and 46.4 in March xUY
　　Technical pattern analysis: xUY -day K-line chart shows that NYMEX May crude oil futures closed with a lower shadow line of small yang line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down xUY
　　Future Outlook: "Geopolitical tensions raise the risk premium and there are fears that the Israeli attack could trigger conflicts in other countries and Syria, which allows oil prices to rise further after last week's non-farm payrolls data," said Victor Shum, a crude oil trading consultant at xUY IHS in Singapore xUY