Crude oil stopped falling on Friday and recorded weekly gains

Interest rates have remained high over a long period of time, and from major crude oil consumersThe possibility that demand will be suppressedI received comments from US central bank officials suggesting that there is a barrel = 79.96 dollars and around 80 dollarsSelling for profitCrude oil prices fell more than 1% on Friday and settled at 78.26 dollars per barrel, but rose by more than 1% on a weekly basis.

Dallas Federal Reserve's Laurie Logan questioned the effectiveness of current monetary policy in controlling inflation, which weighs on crude oil prices.

Generally, rising interest rates may slow economic activity and weaken oil demand.

Also, the increase in fuel stocks in the US ahead of the summer driving season also put pressure on crude oil prices.

Thursday's data showed that China's crude oil imports increased in April, suggesting that demand in the world's largest crude oil importers is improving.

However, recent US statistics showed that consumer confidence has fallen to a low level for the first time in six months due to expectations for price increases.

Meanwhile, since no progress was made in the latest peace negotiations in Egypt, Israel said it would proceed with plans to invade Rafah and other parts of Gaza.

According to the trading economics global macro model and analysts' predictions, crude oilUSD 81.78/BBL by the end of this quarterIt is expected that it will be traded at

As for the future,After 12 months 85.86 I anticipate that it will be traded at