币界网报道:Crude oil futures settled up $2 at $67.45 today, with prices rising despite bearish factors such as an unexpected increase in US crude oil inventories and an increase in OPEC+ supply. The EIA weekly inventory data showed an unexpected increase of 3.8 million barrels, much higher than the expected decrease of 1.8 million barrels. OPEC+ added another 411,000 barrels per day of supply on July 1 and is expected to approve a similar increase for August at its July 6 meeting. In addition, the ADP employment change showed an unexpected decline in employment, much lower than the expected increase of 100,000. However, the lower US dollar offset the negative impact. Technical breakouts also encouraged buying. Looking at the hourly chart below, the price broke out of the top range that has been in play since April 24, and also broke out of the 50% midpoint of the upward move since the April 9 low, which is $66.33 (see the red box in the figure below). The price has also broken above the 200 hourly moving average, which is $67.06 (see green line in the chart above). From a technical perspective, these breakouts allow buyers to continue their upward push. Looking ahead, a pullback below both of these levels would be needed to disappoint the buyers and put the sellers back in control from a technical perspective. The next key target is the $69 level above.