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US crude oil: range-bound oscillation, sell on rallies and buy on dips

US crude oil: range-bound oscillation, sell on rallies and buy on dips

智通财经智通财经2026/08/27 02:26
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(1) Analysis: The expectation of improved navigation in the Hormuz Strait has suppressed the geopolitical premium on crude oil, with WTI falling back to around $81; U.S. crude inventories increased by only 95,000 barrels, lower than expected, limiting the decline. A relatively strong U.S. dollar is weighing on commodity valuations, but global inventories are still affected by supply disruptions, so oil prices are maintaining a short-term range-bound trend.(2) Key focus: Geopolitical situation, inventory data, U.S. Dollar Index, Jackson Hole meeting(3) Resistance: 82.00, 82.50, 83.00(4) Support: 81.00, 80.50, 80.00
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