📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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Market analysis: US inflation exceeding expectations suppresses oil prices, along with another major bearish factor
On February 13, Jinshi data reported that oil prices in Asia fell slightly in early trading as traders digested signs of US CPI data and supply pressure. Quasar Elizundia, a strategist at Pepperstone, said that higher-than-expected inflation strengthened the view that the Fed might maintain high interest rates, putting pressure on dollar-denominated commodities. He added that Trump's comments on ending the conflict in Ukraine also sparked speculation about relaxing restrictions on Russian oil producers. "If this becomes reality, it will drop Russia's supply risk and put downward pressure on oil prices," he said. EIA raised its forecast for US crude oil production in 2025, adding another supply factor.