Golden Ten Futures, June 6, OPEC + meeting decided to extend the "voluntary production reduction measures" only until the end of September 2024. This is not as long as some market expectations to extend to the end of 2024. The market is worried about the supply pressure caused by the reduction of OPEC + production after October 2024. In addition, the latest economic data from China and the United States is not good, and the United States will sell nearly 1 million barrels of gasoline from gasoline supply reserves. The cracking price difference has fallen, the demand for gasoline and diesel in the United States has decreased month-on-month, gasoline inventories have not continued to decline in May as in the past two years, and crude oil prices have fallen sharply. However, OPEC + has promised to strictly reduce production, after all, it will extend the production reduction agreement. < br > If oil prices continue to fall, it is not ruled out that OPEC + will change its production reduction policy. US crude oil production is suppressed by capital spending, geopolitical risks in the Middle East are still disturbing the market, the Houthis are still attacking ships related to Israel, and expanding to the Mediterranean region. The conflict between Palestine and Israel continues, and it is difficult to reach a ceasefire negotiation. The United States has restarted the strategic petroleum reserve plan and 3 million barrels per month. The gasoline supply reserve that the United States is about to release is only 1 million barrels of gasoline, which is not large. The peak season for car travel in the United States has just begun, and China has introduced economic stimulus policies. The Bank of Canada has cut interest rates as scheduled. The demand for crude oil is expected to improve. It is not recommended to chase short crude oil. Pay attention to the deletion of US gasoline inventories.