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US crude oil: Range-bound fluctuations, buy on dips and sell on rallies.

US crude oil: Range-bound fluctuations, buy on dips and sell on rallies.

智通财经智通财经2026/10/08 02:11
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Analysis: U.S. crude oil inventories unexpectedly decreased by 3.186 million barrels, far exceeding market expectations. Combined with rising Middle East shipping risks, this provides support for WTI. However, the International Energy Agency accelerated the release of strategic reserves, and supply recovery expectations still limit price increases. Technically, prices remain in a low-level consolidation; watch for a breakthrough at the $90 level. Key focus: geopolitical situation, inventory data, U.S. dollar index, global crude oil supply, and OPEC+ policies. Resistance: 90.00, 91.50, 92.00 Support: 89.00, 88.00, 86.00

(1) Analysis Reason: U.S. crude oil inventories unexpectedly decreased by 3.186 million barrels, far exceeding market expectations. Coupled with rising risks in Middle East shipping, this provides support for WTI; however, the International Energy Agency accelerating strategic reserve releases means supply recovery expectations still limit the upside. Technically, prices remain in a low-level range. Pay attention to whether the $90 mark can be broken. (2) Key Focus: geopolitical situation, inventory data, U.S. Dollar Index, global crude oil supply, and OPEC+ policies. (3) Resistance: 90.00, 91.50, 92.00 (4) Support: 89.00, 88.00, 86.00
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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