US crude oil: Oscillating upward, buy on dips

(1) Analysis: Geopolitical risk premiums have once again provided support for oil prices, but as the Tehran quadrilateral talks framework remains intact and there has been no substantial supply interruption, Brent crude holds steady above $115. Meanwhile, expectations of year-end Federal Reserve rate hikes and the strong US dollar are suppressing demand, leading WTI to fluctuate within a narrow range of $100 to $103.(2) Key focuses: Geopolitical situation, inventory data, US Dollar Index, Federal Reserve interest rate decision.(3) Resistance levels: 101.60, 102.50, 103.00(4) Support levels: 100.00, 99.00, 98.00