From the demand side, although U.S. crude oil inventories are currently rising and oil product demand is declining, the summer driving season is approaching, and gasoline consumption is expected to increase significantly—a yearly pattern. For example, during summer, increased driving leads to more people refueling at gas stations, boosting gasoline demand and in turn driving crude oil demand growth. Additionally, the gradual recovery of the global economy will increase industrial production's consumption of crude oil, providing strong support for oil prices.
In terms of geopolitics, tensions in the Middle East persist, with high uncertainty surrounding the Iran nuclear negotiations and elevated risks of conflict between Israel and Iran. If a conflict breaks out, crude oil production and transportation in the Middle East will inevitably be disrupted, reducing global crude oil supply and causing oil prices to surge rapidly like a rocket.
USOIL Today's Trading Strategy:
USOIL BUY61~60.5
SL:60
TP:62.5~63
In terms of geopolitics, tensions in the Middle East persist, with high uncertainty surrounding the Iran nuclear negotiations and elevated risks of conflict between Israel and Iran. If a conflict breaks out, crude oil production and transportation in the Middle East will inevitably be disrupted, reducing global crude oil supply and causing oil prices to surge rapidly like a rocket.
USOIL Today's Trading Strategy:
USOIL BUY61~60.5
SL:60
TP:62.5~63
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