US Crude Oil: Range-bound volatility, buy on dips, sell on rallies
智通财经2026/10/09 02:36(1) Analysis: Shipping disruptions in the Strait of Hormuz and the shutdown of approximately 1.3 million barrels per day of crude oil production in the Gulf of Mexico are supporting a supply risk premium; however, signals of dialogue between the US and Iran are limiting further upside in oil prices, which are currently still in a low-level consolidation phase, mainly awaiting a stress test. (2) Key Focus: Geopolitical situation, inventory data, US dollar index, global crude oil supply, and OPEC+ policy. (3) Resistance: 91.00, 91.50, 92.00 (4) Support: 90.00, 89.00, 88.00
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