US crude oil short-term trading recommendation: cautiously go short when prices are high, and cautiously go long when prices are low.

智通财经2026/10/05 02:06

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1. Analysis: Middle Eastern crude oil shipments have returned to near pre-conflict levels. Saudi Arabia’s east-west pipeline has recovered half of its capacity, and the US plans to release 40 millions barrels from its strategic reserves, significantly easing supply concerns. However, the stalemate in US-Iran negotiations remains unresolved, and geopolitical risk premiums may continue to be volatile. EIA data show an unexpected increase of 922,000 barrels in crude inventories, but distillate inventories fell sharply by 2.25 millions barrels and are about 14% below the five-year average, indicating structural divergence of “crude oil surplus and fuel shortage.” Oil prices are consolidating around the $90 pivot, and may continue to fluctuate within a range in the short term. 2. Focus: Middle East geopolitical matters, OPEC+ statements, G7 reserve releases, and inventory changes. 3. Resistance: 92.02; 93.67; 96.54. 4. Support: 88.12; 87.30; 85.12.

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