On Friday (February 7th), US crude oil rebounded slightly during the Asian trading session, trading around $70.60 per barrel. Fundamentally, Trump once again promised to increase US production to lower oil prices, alleviate consumer inflation, and raise concerns about overcapacity on the supply side, putting pressure on oil prices to decline.

At the same time, the uncertainty of the geopolitical situation is expected to ease, putting pressure on oil prices. In terms of demand expectations, due to the policy uncertainty of the United States putting pressure on global economic growth expectations and the surge in EIA inventory data, oil prices continue to decline under the dual pressure.

At present, under the double kill of supply and demand, we cannot rule out the possibility of accelerating the decline of oil prices. We will focus on the performance after the US non farm data in the day.

US President Donald Trump has announced that Interior Secretary Doug Burgum will work with Energy Secretary Chris Wright to increase oil production and lower prices.

The government will mine more of this liquid gold than ever before, "Trump said. We will lower oil prices, and everything else will follow suit

UBS analyst Giovanni Staunovo said, "There is no sign that US drilling activities are accelerating," and he pointed out that the market's reaction to Trump's remarks surprised him.

The probability of the Federal Reserve keeping interest rates unchanged in March is 85.5%

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in March is 85.5%, and the probability of cutting interest rates by 25 basis points is 14.5%.

The probability of maintaining the current interest rate unchanged until May is 61.1%, the probability of reducing interest rates by 25 basis points cumulatively is 34.7%, and the probability of reducing interest rates by 50 basis points cumulatively is 4.1%.

Trump claims that after the war, the United States will take over Gaza and there will be no need to station US troops there

US President Trump said on Thursday that Israel will hand over the Gaza Strip to the United States after the war ends, and the residents there have been resettled elsewhere, which means there is no need for US soldiers in the area.

Previously, Trump announced his goal of taking over the Gaza Strip and developing it into the 'Riviera of the Middle East', which was condemned by the world.

On the second day, Israel ordered its troops to prepare and allowed Palestinians in Gaza to "voluntarily leave". Trump has refused to rule out the possibility of deploying US troops to Gaza, but he clarified his thoughts when commenting on his "Truth Social" online platform. "

After the end of the war, Israel will hand over the Gaza Strip to the United States, "he said. Palestinians" will have settled in safer and more beautiful communities in the area, with brand new modern housing.

He also said, 'There is no need for the United States to send soldiers!' Israeli Prime Minister Netanyahu called this a 'remarkable' proposal by Trump, and there was a wave of support in Israel earlier. Defense Minister Israel Katz said he had ordered the military to make plans and allow Gaza residents who wished to leave to do so voluntarily. "

I welcome President Trump's bold plan. Gaza residents should be allowed the freedom to leave and immigrate, which is normal worldwide, "he said. His plan includes providing multiple departure options, including leaving through land crossings or special arrangements by boat or plane.

The proposal unexpectedly announced by Trump sparked anger in the Middle East region on Tuesday. Saudi Arabia firmly refuses; Jordan's King Abdullah II, who will meet with Trump at the White House next week, said on Wednesday that he opposes any attempt to annex land and force Palestinians to flee.

Egypt has also expressed its views, stating that it will not participate in any proposal to expel Palestinians from Gaza, and Gaza residents have responded angrily to this proposal.

It is currently unclear whether Trump will continue to implement his proposal or maintain his image as a shrewd trader, only proposing an extreme stance as a bargaining strategy.

US Secretary of State Marco Rubio told reporters on Thursday that during the reconstruction of Gaza, the people there will have to live elsewhere. He did not say whether these people could return according to Trump's plan to develop Gaza. This enclave is home to over 2 million Palestinians.

The uncertainty of the geopolitical situation is expected to ease, further easing the pressure on the supply side and putting pressure on oil prices.

Technically speaking, the current oil price has fallen below the important support range, with a slight resistance at the daily level of $70, but the strength is limited, and the MACD indicator continues to decline. If it falls below the integer level of $70, the possibility of accelerated decline in oil prices cannot be ruled out.