Geopolitical Conflicts "Continue to Drive Momentum" – Supply Worries Persist
The U.S. has just imposed sanctions on two major Russian oil giants, which account for 50% of Russia’s crude oil exports. This could mean a daily reduction of 1.5 million barrels in global supply, and the market is worried about "insufficient oil". A prime example: when Ukrainian forces attacked Russian refineries earlier, daily exports dropped by 1 million barrels, and oil prices rose 2% the same day. Now, such sanctions are still escalating, which will firmly support oil prices in the short term and prevent a sharp decline.
Demand Data Offers "Genuine" Positives – Strong Floor Support
U.S. crude oil inventories have decreased by 960,000 barrels, and refinery utilization rate has risen to 88.6% – this clearly shows "more oil is being consumed than produced", so the current price increase is not unfounded. Meanwhile, China’s refinery utilization rate has also climbed from 86% to 88%, and there is a requirement to ensure refined oil supply in the fourth quarter. This means demand for crude oil will only increase, not decrease, adding a "safety cushion" for long positions. Even if there is a short-term pullback, the decline will be very limited.
Crude Oil Trading Strategy for Today
usoil BUY 62.0-62.3
tp:62.5-62.8
sl:61.8
The U.S. has just imposed sanctions on two major Russian oil giants, which account for 50% of Russia’s crude oil exports. This could mean a daily reduction of 1.5 million barrels in global supply, and the market is worried about "insufficient oil". A prime example: when Ukrainian forces attacked Russian refineries earlier, daily exports dropped by 1 million barrels, and oil prices rose 2% the same day. Now, such sanctions are still escalating, which will firmly support oil prices in the short term and prevent a sharp decline.
Demand Data Offers "Genuine" Positives – Strong Floor Support
U.S. crude oil inventories have decreased by 960,000 barrels, and refinery utilization rate has risen to 88.6% – this clearly shows "more oil is being consumed than produced", so the current price increase is not unfounded. Meanwhile, China’s refinery utilization rate has also climbed from 86% to 88%, and there is a requirement to ensure refined oil supply in the fourth quarter. This means demand for crude oil will only increase, not decrease, adding a "safety cushion" for long positions. Even if there is a short-term pullback, the decline will be very limited.
Crude Oil Trading Strategy for Today
usoil BUY 62.0-62.3
tp:62.5-62.8
sl:61.8
💎 Free Trading Signals: t.me/+e1D3W7yOpLMzNTYx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
💎 Free Trading Signals: t.me/+e1D3W7yOpLMzNTYx
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.