Analysts believe that the oil market has achieved a breakthrough, and the bulls are expected to continue their upward offensive. However, the upside is limited and does not exceed this value. They are still relatively pessimistic about the outlook, and the balance of tail risks is more tilted towards the downside.
Federal Reserve Chairperson Jerome Powell said the economy has performed well over the past few years, growth is expected to slow this year, and inflation will continue to progress. The last three inflation data did boost confidence.