U.S. crude oil: range-bound fluctuation, sell on rallies, buy on dips

智通财经2026/08/31 02:21

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(1) Analysis: Concerns over supply risks in the Strait of Hormuz have resurfaced, supporting a higher opening in oil prices. However, the volume of crude oil continuously passing through the Strait of Hormuz has also rebounded significantly, resulting in an actual supply contraction that is less than the market previously feared. Technically, oil prices have yet to break through important ranges; therefore, amid short-term sentiment disturbances, it is advisable to remain range-bound and wait for a directional breakout. (2) Key focuses: Geopolitical situation, inventory data, U.S. Dollar Index. (3) Resistance: 85.60, 86.00, 86.50. (4) Support: 84.60, 84.00, 83.50.

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On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.

华尔街见闻•2026/11/10 19:52