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U.S. Customs and Border Protection announced that it will cease imposing tariffs under the International Emergency Economic Powers Act at 12:01 a.m. Eastern Time on Tuesday, February 24 (1:01 p.m. Beijing Time).February 23rd, Futures News: Economies.com analysts latest view: Brent crude oil futures prices have retreated, attempting to find a higher retracement low as a base to help them gain the necessary bullish momentum for a rebound and further gains. In the short term, the main bullish trend remains dominant, and prices continue to trade above the 50-day EMA, further enhancing the likelihood of a short-term rebound. Meanwhile, the Relative Strength Index (RSI), after digesting overbought conditions, has shown positive converging signals, providing strong support for Brent crude oil futures to achieve new gains.Despite the ban on European Central Bank staff receiving compensation, ECB President Christine Lagarde still received €140,000 from the Bank for International Settlements.Even as the US and Iran signaled their intention to negotiate, the risk of a US military strike against Iran remains. Russias Sputnik news agency reported on February 22 that, citing a former CIA operative, US media outlets stated that the US might launch a military strike against Iran on February 23 or 24.The China Earthquake Networks Center officially reported that a magnitude 3.3 earthquake occurred at 12:34 on February 23 in Yuli County, Bayingolin Mongol Autonomous Prefecture, Xinjiang (40.97 degrees north latitude, 84.31 degrees east longitude), with a focal depth of 18 kilometers.

U.S. EIA Crude Oil Inventory Report

The weekly US EIA Crude oil inventory value is based on the weekly change of commercial Crude oil inventory in the United states.

Date
Former Value
(ten thousand barrels)
Actual Value
(ten thousand barrels)
Expected Value
(ten thousand barrels)
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Sources: Jin10.com