US crude oil: Range-bound volatility, sell on highs, buy on lows
智通财经2026/10/07 01:36(1) Analysis: Iran has intensified oil tanker attacks in the Strait of Hormuz, with geopolitical risks supporting oil prices. However, Saudi Arabia's east-west pipeline flow has recovered to 5.8 million barrels per day, and Gulf exports are now close to pre-conflict levels, leading the restored supply to limit price gains. The EIA has raised its oil price forecast, global inventory buffers are narrowing, and the supply-demand balance remains tight. Oil prices are fluctuating between $88.5 and $90.5, maintaining a range-bound outlook. (2) Key focuses: Geopolitical situation, inventory data, US dollar index. (3) Resistance levels: 90.60, 91.00, 91.70. (4) Support levels: 90.00, 89.00, 88.50.
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