crude Comprehensive market analysis and guidance

Crude oil prices fell for the fourth consecutive week last week. A substantial increase in inventories and record production were the main reasons for the decline in crude oil prices last week. The entire market has been weak recently due to supply concerns and a significant drop in demand. However, on Friday due to some short sellers Profit-taking and U.S. sanctions on Russian crude shippers gave oil prices a bit of support, with prices regaining some ground.
Operation strategy: call back the 75.8-75.5 area to go long, stop loss 75.2, and target 77.8.

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