{"id":46937,"date":"2026-05-15T02:14:48","date_gmt":"2026-05-15T02:14:48","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%b2%b9%e4%bb%b7%e5%ae%88%e4%bd%8f%e6%b6%a8%e5%b9%85%ef%bc%8c%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e6%b5%b7%e5%b3%a1%e5%85%b3%e9%97%ad%e4%bb%a4%e4%be%9b%e5%ba%94%e8%b6%8b%e7%b4%a7\/"},"modified":"2026-05-15T02:14:48","modified_gmt":"2026-05-15T02:14:48","slug":"%e6%b2%b9%e4%bb%b7%e5%ae%88%e4%bd%8f%e6%b6%a8%e5%b9%85%ef%bc%8c%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e6%b5%b7%e5%b3%a1%e5%85%b3%e9%97%ad%e4%bb%a4%e4%be%9b%e5%ba%94%e8%b6%8b%e7%b4%a7","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/analysis\/%e6%b2%b9%e4%bb%b7%e5%ae%88%e4%bd%8f%e6%b6%a8%e5%b9%85%ef%bc%8c%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e6%b5%b7%e5%b3%a1%e5%85%b3%e9%97%ad%e4%bb%a4%e4%be%9b%e5%ba%94%e8%b6%8b%e7%b4%a7\/","title":{"rendered":"\u6cb9\u4ef7\u5b88\u4f4f\u6da8\u5e45\uff0c\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5173\u95ed\u4ee4\u4f9b\u5e94\u8d8b\u7d27"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/cn\/wp-content\/uploads\/sites\/4\/2026\/05\/1_Oil2-2-1024x573.webp\" alt=\"\" class=\"wp-image-45337\"\/><\/figure>\n\n\n\n<p><strong>\u91cd\u70b9<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CL-OIL \u62a5 <strong>97.859<\/strong>\uff0c\u5347 <strong>0.107<\/strong> \u6216 <strong>0.11%<\/strong>\uff0c\u672c\u65f6\u6bb5\u9ad8\u4f4d <strong>97.929<\/strong>\u3002<\/li>\n\n\n\n<li>\u5e03\u4f26\u7279\u539f\u6cb9\uff08Brent crude\uff0c\u56fd\u9645\u57fa\u51c6\u6cb9\u4ef7\uff09\u8d70\u9ad8\u81f3\u6bcf\u6876\u63a5\u8fd1 <strong>107\u7f8e\u5143<\/strong>\uff1b\u897f\u5fb7\u5dde\u4e2d\u8d28\u539f\u6cb9\uff08WTI\uff0c\u7f8e\u56fd\u57fa\u51c6\u6cb9\u4ef7\uff09\u5728\u6bcf\u6876\u7ea6 <strong>102\u7f8e\u5143<\/strong> \u9644\u8fd1\u4ea4\u6613\u3002<\/li>\n\n\n\n<li>\u56fd\u9645\u80fd\u6e90\u7f72\uff08IEA\uff0c\u653f\u5e9c\u95f4\u80fd\u6e90\u7814\u7a76\u4e0e\u6570\u636e\u673a\u6784\uff09\u8b66\u544a\uff1a\u5373\u4f7f\u4e0b\u4e2a\u6708\u51b2\u7a81\u7ed3\u675f\uff0c\u5e02\u573a\u4ecd\u53ef\u80fd\u5728<strong>10\u6708\u524d\u4e25\u91cd\u4f9b\u4e0d\u5e94\u6c42<\/strong>\u3002<\/li>\n\n\n\n<li>\u636e\u767d\u5bab\u5b98\u5458\u79f0\uff0c\u7279\u6717\u666e\u4e0e\u4e60\u8fd1\u5e73\u8ba8\u8bba\u4fdd\u6301\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5f00\u653e\uff0c\u4ee5\u652f\u6301\u80fd\u6e90\u8d38\u6613\uff1b\u4f46\u4e2d\u65b9\u5b98\u65b9\u901a\u62a5\u672a\u628a\u80fd\u6e90\u5217\u4e3a\u8bae\u9898\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>\u7531\u4e8e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u4ecd\u5173\u95ed\u3001\u4f0a\u6717\u6218\u4e89\u7684\u505c\u6218\u4e0e\u8c08\u5224\u8fdb\u5c55\u4e0d\u660e\uff0c\u6cb9\u4ef7\u672c\u5468\u6599\u5f55\u5f97\u6da8\u5e45\u3002\u5e03\u4f26\u7279\u539f\u6cb9\u63a5\u8fd1\u6bcf\u6876 <strong>107\u7f8e\u5143<\/strong>\uff1bWTI \u63a5\u8fd1\u6bcf\u6876 <strong>102\u7f8e\u5143<\/strong>\u3002<\/p>\n\n\n\n<p>\u4ece\u56fe\u8868\u770b\uff0cCL-OIL \u5728 <strong>05\/15 04:20:34 GMT+3<\/strong> \u62a5 <strong>97.859<\/strong>\uff0c\u5347 <strong>0.107<\/strong> \u6216 <strong>0.11%<\/strong>\u3002\u672c\u65f6\u6bb5\u9ad8\u4f4d <strong>97.929<\/strong>\u3001\u4f4e\u4f4d <strong>97.184<\/strong>\uff0c\u5f00\u76d8 <strong>97.732<\/strong>\uff0c\u6536\u76d8 <strong>97.520<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Nearly half of the crude oil released from the US Strategic Petroleum Reserve is being exported, a fresh sign of how severely global supplies have tightened amid the Iran war <a href=\"https:\/\/t.co\/dq7ix3EC6N\">https:\/\/t.co\/dq7ix3EC6N<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2055003425398575382?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5e02\u573a\u4e0d\u518d\u53ea\u770b\u201c\u505c\u706b\u201d\u6807\u9898\u4ea4\u6613\u3002\u4ea4\u6613\u5458\u73b0\u5728\u8981\u770b\u5230\u822a\u8fd0\u80fd\u5426\u6062\u590d\u5b89\u5168\u901a\u884c\u7684\u8bc1\u636e\u3002\u7f8e\u56fd\u6d77\u519b\u5bf9\u4f0a\u6717\u6e2f\u53e3\u7684\u6d77\u4e0a\u5c01\u9501\u4ecd\u5728\u6301\u7eed\uff0c\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5468\u8fb9\u6c34\u57df\u5bf9\u5546\u8239\u6765\u8bf4\u4ecd\u5177\u5371\u9669\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The number of supertankers hauling unsanctioned oil through the Strait of Hormuz has shown signs of rising in recent days, offering limited relief to an oil market that\u2019s suffered the largest supply disruption in history <a href=\"https:\/\/t.co\/TVSC04pHQy\">https:\/\/t.co\/TVSC04pHQy<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2054937393594024246?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u4e00\u8258\u5546\u8239\u5728\u6d77\u5ce1\u5165\u53e3\u9644\u8fd1\u88ab\u672a\u83b7\u6388\u6743\u4eba\u5458\u6263\u62bc\uff0c\u5e76\u88ab\u5e26\u5f80\u4f0a\u6717\u6c34\u57df\uff0c\u4ee4\u822a\u8fd0\u98ce\u9669\u6ea2\u4ef7\uff08shipping-risk premium\uff0c\u56e0\u822a\u8fd0\u4e0d\u5b89\u5168\u800c\u989d\u5916\u8ba1\u5165\u6cb9\u4ef7\u7684\u98ce\u9669\u52a0\u4ef7\uff09\u518d\u5ea6\u4e0a\u5347\u3002\u82f1\u56fd\u6d77\u519b\u7f16\u961f\u79f0\uff0c\u8be5\u8239\u5728\u5bcc\u67e5\u4f0a\u62c9\uff08Fujairah\uff0c\u963f\u8054\u914b\u6e2f\u53e3\uff09\u5916\u6d77\u88ab\u5e26\u8d70\u5e76\u9a76\u5411\u4f0a\u6717\u6c34\u57df\uff1b\u53e6\u6709\u62a5\u9053\u79f0\uff0c\u4e8b\u4ef6\u53d1\u751f\u4e4b\u9645\uff0c\u5fb7\u9ed1\u5170\u4ecd\u5728\u52a0\u5f3a\u5bf9\u533a\u57df\u822a\u8fd0\u7684\u638c\u63a7\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u7279\u6717\u666e\u2014\u4e60\u8fd1\u5e73\u4f1a\u8c08\uff1a\u9700\u6c42\u4e0e\u5916\u4ea4\u53d8\u91cf<\/h2>\n\n\n\n<p>\u6cb9\u5e02\u4e5f\u7d27\u76ef\u7279\u6717\u666e\u4e0e\u4e60\u8fd1\u5e73\u4f1a\u6664\u3002\u767d\u5bab\u5b98\u5458\u79f0\uff0c\u7279\u6717\u666e\u5468\u56db\u4e0e\u4e2d\u56fd\u56fd\u5bb6\u4e3b\u5e2d\u4e60\u8fd1\u5e73\u4f1a\u9762\uff0c\u53cc\u65b9\u8ba8\u8bba\u4fdd\u6301\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5f00\u653e\u4ee5\u652f\u6301\u80fd\u6e90\u8d38\u6613\uff0c\u5e76\u8c08\u53ca\u589e\u52a0\u7f8e\u56fd\u5bf9\u534e\u539f\u6cb9\u4f9b\u5e94\u3002\u4e2d\u65b9\u5b98\u65b9\u901a\u62a5\u672a\u63d0\u80fd\u6e90\uff0c\u4f46\u8868\u793a\u8ba8\u8bba\u4e86\u4e2d\u4e1c\u5c40\u52bf\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Chinese President Xi Jinping warned U.S. President Donald Trump on Thursday that the U.S. and China \u201cwill have clashes and even conflicts\u201d if the longstanding issue of Taiwan\u2019s independence is mishandled.<br><br>If that issue is not handled \u201cproperly,\u201d Xi said, it could put \u201cthe entire\u2026 <a href=\"https:\/\/t.co\/vVOKrSr0RZ\">pic.twitter.com\/vVOKrSr0RZ<\/a><\/p>&mdash; CNBC (@CNBC) <a href=\"https:\/\/twitter.com\/CNBC\/status\/2055075753193091209?ref_src=twsrc%5Etfw\">May 15, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u7f8e\u4e2d\u901a\u62a5\u5185\u5bb9\u4e0d\u4e00\u81f4\uff0c\u8ba9\u5e02\u573a\u66f4\u8c28\u614e\u3002\u82e5\u5317\u4eac\u4e0e\u534e\u76db\u987f\u80fd\u5728\u80fd\u6e90\u6d41\u5411\uff08energy flows\uff0c\u5373\u539f\u6cb9\u4e0e\u5929\u7136\u6c14\u7684\u8de8\u5883\u8fd0\u8f93\u4e0e\u4f9b\u5e94\u5b89\u6392\uff09\u4e0a\u8fbe\u6210\u4e00\u81f4\uff0c\u6cb9\u4ef7\u7684\u6050\u614c\u6ea2\u4ef7\uff08panic premium\uff0c\u56e0\u6050\u614c\u800c\u989d\u5916\u63a8\u9ad8\u7684\u4ef7\u683c\uff09\u53ef\u80fd\u56de\u843d\uff1b\u82e5\u4f1a\u8c08\u672a\u5f62\u6210\u6e05\u6670\u8def\u5f84\uff0c\u4ea4\u6613\u5458\u53ef\u80fd\u7ee7\u7eed\u628a\u201c\u970d\u5c14\u6728\u5179\u5728\u5317\u534a\u7403\u590f\u5b63\u4ecd\u662f\u74f6\u9888\u201d\u8ba1\u5165\u4ef7\u683c\u3002<\/p>\n\n\n\n<p>\u4e2d\u56fd\u89d2\u8272\u4e5f\u5173\u952e\u3002\u636e\u62a5\u9053\uff0c\u4f0a\u6717\u5728\u4e0e\u5317\u4eac\u5f62\u6210\u67d0\u79cd\u7406\u89e3\u540e\uff0c\u5f00\u59cb\u5141\u8bb8\u90e8\u5206\u4e2d\u56fd\u8239\u53ea\u901a\u8fc7\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u3002\u8be5\u6d77\u5ce1\u627f\u62c5\u7ea6 <strong>20%<\/strong> \u7684\u5168\u7403\u6cb9\u6c14\u8fd0\u8f93\u91cf\uff0c\u56e0\u6b64\u5373\u4f7f\u53ea\u662f\u90e8\u5206\u8239\u53ea\u6062\u590d\u901a\u884c\uff0c\u4e5f\u8db3\u4ee5\u6539\u53d8\u5e02\u573a\u5bf9\u4f9b\u5e94\u7f13\u89e3\u7684\u9884\u671f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Iran allowing transit of Chinese vessels in Strait of Hormuz, Fars news reports <a href=\"https:\/\/t.co\/VvzBrVuwez\">https:\/\/t.co\/VvzBrVuwez<\/a> <a href=\"https:\/\/t.co\/VvzBrVuwez\">https:\/\/t.co\/VvzBrVuwez<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2054957453960249561?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u7279\u6717\u666e\u5468\u4e94\u51cc\u6668\u5728 Truth Social \u53d1\u6587\u79f0\u201c\u5bf9\u4f0a\u6717\u7684\u519b\u4e8b\u6467\u6bc1\uff08\u5c06\u7ee7\u7eed\uff01\uff09\u201d\uff0c\u4f46\u4e5f\u8868\u793a\u5e0c\u671b\u7f8e\u4e2d\u5173\u7cfb\u201c\u6bd4\u4ee5\u5f80\u66f4\u5f3a\u3001\u66f4\u597d\u201d\u3002\u5e02\u573a\u56e0\u6b64\u5728\u5916\u4ea4\u7f13\u548c\u4e0e\u51b2\u7a81\u518d\u8d77\u7684\u98ce\u9669\u4e4b\u95f4\u6743\u8861\u3002<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p><strong>\u7406\u89e3\u5e02\u573a\u662f\u5efa\u7acb\u4ea4\u6613\u4fe1\u5fc3\u7684\u7b2c\u4e00\u6b65\u3002\u5728\u6211\u4eec\u5373\u5c06\u4e3e\u884c\u7684 <a href=\"https:\/\/zoom.us\/webinar\/register\/6417787258141\/WN_EMGhsN4tRVWD7fx18c1B6w\" target=\"_blank\" rel=\"noreferrer noopener\">\u7ebf\u4e0a\u8bb2\u5ea7<\/a> \u4e2d\uff0c\u6211\u4eec\u5c06\u8bb2\u89e3\u7f8e\u56fd\u80a1\u6307\uff08US Indices\uff0c\u5373\u53cd\u6620\u7f8e\u56fd\u591a\u53ea\u80a1\u7968\u6574\u4f53\u8868\u73b0\u7684\u6307\u6570\uff09\u5982\u4f55\u8fd0\u4f5c\u3001\u54ea\u4e9b\u56e0\u7d20\u63a8\u52a8\u884c\u60c5\uff0c\u4ee5\u53ca\u65b0\u624b\u5982\u4f55\u7528\u66f4\u6709\u7ed3\u6784\u7684\u65b9\u6cd5\u8fdb\u884c\u4ea4\u6613\u3002<\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">IEA \u8b66\u544a\uff1a\u4f9b\u5e94\u6ea2\u4ef7\u4ecd\u5728<\/h2>\n\n\n\n<p>\u56fd\u9645\u80fd\u6e90\u7f72\uff08IEA\uff09\u672c\u5468\u4e3a\u770b\u6da8\u8005\u63d0\u4f9b\u4e86\u4f9b\u5e94\u7aef\u7406\u7531\u3002IEA \u8868\u793a\uff0c\u6218\u4e89\u5bfc\u81f4\u5168\u7403\u539f\u6cb9\u5e93\u5b58\uff08inventories\uff0c\u5373\u53ef\u7528\u50a8\u5907\u91cf\uff09\u4ee5\u7f55\u89c1\u901f\u5ea6\u4e0b\u964d\uff0c\u5e76\u8b66\u544a\u5373\u4f7f\u51b2\u7a81\u57286\u6708\u521d\u7ed3\u675f\uff0c\u5e02\u573a\u4ecd\u53ef\u80fd\u5728\u7b2c\u4e09\u5b63\u672b\u524d<strong>\u4e25\u91cd\u4f9b\u4e0d\u5e94\u6c42<\/strong>\u3002\u5176\u57fa\u51c6\u60c5\u5883\uff08base case\uff0c\u5373\u6700\u5e38\u7528\u7684\u4e3b\u8981\u9884\u6d4b\u60c5\u5883\uff09\u663e\u793a\u5e93\u5b58\u53ef\u80fd\u4e00\u76f4\u4e0b\u964d\u5230\u7b2c\u56db\u5b63\uff0c\u5c4a\u65f6\u624d\u53ef\u80fd\u51fa\u73b0\u5c0f\u5e45\u4f9b\u8fc7\u4e8e\u6c42\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast <a href=\"https:\/\/t.co\/A2YH7NZSuX\">https:\/\/t.co\/A2YH7NZSuX<\/a><\/p>&mdash; CNBC (@CNBC) <a href=\"https:\/\/twitter.com\/CNBC\/status\/2054740917777567819?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u8fd9\u9879\u8b66\u544a\u4ee4\u9022\u4f4e\u4e70\u76d8\uff08dip buyers\uff0c\u5373\u4ef7\u683c\u56de\u843d\u65f6\u8fdb\u573a\u4e70\u5165\u7684\u4eba\uff09\u4fdd\u6301\u6d3b\u8dc3\u3002\u970d\u5c14\u6728\u5179\u5173\u95ed\u3001\u7f8e\u56fd\u5c01\u9501\u4e0e\u5e93\u5b58\u4e0b\u964d\uff0c\u4f7f\u539f\u6cb9\u5373\u4f7f\u5728\u9700\u6c42\u62c5\u5fe7\u4e0b\u4e5f\u4e0d\u6613\u5927\u5e45\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<p>\u7f8e\u56fd\u901a\u80c0\u6570\u636e\u4e5f\u52a0\u5927\u653f\u6cbb\u538b\u529b\u3002\u6cb9\u4ef7\u51b2\u51fb\u6b63\u63a8\u9ad8\u56fd\u5185\u7269\u4ef7\uff0c\u4ee4\u7279\u6717\u666e\u5728<strong>11\u6708<\/strong>\u4e2d\u671f\u9009\u4e3e\u524d\u627f\u53d7\u66f4\u5927\u538b\u529b\u3002\u71c3\u6cb9\u6210\u672c\u4e0a\u5347\u4f1a\u6253\u51fb\u6d88\u8d39\u8005\u60c5\u7eea\u3001\u62ac\u9ad8\u8fd0\u8f93\u6210\u672c\uff0c\u5e76\u5728\u901a\u80c0\u504f\u9ad8\u65f6\u8ba9\u7f8e\u8054\u50a8\uff08Federal Reserve\uff0c\u7f8e\u56fd\u592e\u884c\uff09\u66f4\u96be\u51b3\u5b9a\u964d\u606f\u8def\u5f84\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u505c\u706b\u4ecd\u5728\uff0c\u4f46\u548c\u8c08\u56f0\u96be<\/h2>\n\n\n\n<p>\u81ea<strong>4\u6708<\/strong>\u521d\u8d77\u867d\u5b9e\u65bd\u505c\u706b\uff0c\u671f\u95f4\u4ecd\u591a\u6b21\u51fa\u73b0\u6469\u64e6\u5347\u6e29\u3002\u7136\u800c\uff0c\u534e\u76db\u987f\u4e0e\u5fb7\u9ed1\u5170\u5728\u6838\u5fc3\u5206\u6b67\u4e0a\u4f3c\u4e4e\u8fdb\u5c55\u4e0d\u5927\u3002<\/p>\n\n\n\n<p>\u7279\u6717\u666e\u8fd1\u65e5\u79f0\u505c\u706b\u5904\u4e8e\u201c\u91cd\u75c7\u7ef4\u6301\u201d\uff0c\u5e76\u6279\u8bc4\u4f0a\u6717\u5bf9\u5176\u7ed3\u675f\u6218\u4e89\u63d0\u8bae\u7684\u56de\u5e94\u3002\u8fd9\u79cd\u8868\u6001\u4f7f\u539f\u6cb9\u5bf9\u8c08\u5224\u6d88\u606f\u3001\u8239\u53ea\u901a\u884c\u4e0e\u519b\u4e8b\u52a8\u6001\u66f4\u654f\u611f\u3002<\/p>\n\n\n\n<p>\u5bf9\u6cb9\u5e02\u6765\u8bf4\uff0c\u53ea\u6709\u505c\u706b\u8fd8\u4e0d\u591f\uff0c\u5173\u952e\u662f\u6062\u590d\u6b63\u5e38\u4f9b\u5e94\u901a\u9053\u3002\u5728\u6cb9\u8f6e\u65e0\u9700\u62a4\u822a\uff08escorts\uff0c\u5373\u519b\u8230\u62a4\u9001\uff09\u3001\u4e0d\u518d\u88ab\u6263\u62bc\u3001\u4e5f\u4e0d\u518d\u6536\u5230\u519b\u4e8b\u8b66\u544a\u524d\uff0c\u4ea4\u6613\u5458\u53ef\u80fd\u7ee7\u7eed\u5728\u5e03\u4f26\u7279\u4e0e WTI \u4e2d\u4fdd\u7559\u90e8\u5206\u4f9b\u5e94\u98ce\u9669\u6ea2\u4ef7\uff08supply-risk premium\uff0c\u5373\u56e0\u4f9b\u5e94\u4e2d\u65ad\u98ce\u9669\u800c\u989d\u5916\u8ba1\u5165\u7684\u4ef7\u683c\uff09\u3002<\/p>\n\n\n\n<p><strong>\u9605\u8bfb\u66f4\u591a\uff1a\u6211\u4eec\u5206\u6790\u5e08\u5bf9 <a href=\"https:\/\/www.vtmarkets.com\/learn\/high-oil-and-strong-jobs-keep-fed-rate-cut-bets-under-pressure\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u539f\u6cb9<\/a> \u53ca\u5176\u5bf9\u5168\u7403\u7ecf\u6d4e\u5f71\u54cd\u7684\u89c2\u70b9\u3002<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6280\u672f\u5206\u6790<\/h2>\n\n\n\n<p>CL-OIL \u7ee7\u7eed\u5728 <strong>97.85<\/strong> \u9644\u8fd1\u6a2a\u76d8\u6574\u7406\uff08consolidation\uff0c\u5373\u5728\u4e00\u5b9a\u533a\u95f4\u5185\u6765\u56de\u6ce2\u52a8\u3001\u6ca1\u6709\u660e\u663e\u8d8b\u52bf\uff09\u3002\u5e02\u573a\u96be\u4ee5\u91cd\u62fe\u6b64\u524d\u628a\u6cb9\u4ef7\u63a8\u54113\u6708 <strong>119.42<\/strong> \u9ad8\u70b9\u7684\u5f3a\u52bf\u52a8\u80fd\uff08momentum\uff0c\u5373\u4e0a\u6da8\u6216\u4e0b\u8dcc\u7684\u529b\u5ea6\uff09\u3002\u8fd1\u671f\u6ce2\u52a8\u533a\u95f4\u6536\u7a84\uff08compressed\uff0c\u5373\u4ef7\u683c\u5728\u66f4\u5c0f\u8303\u56f4\u5185\u6ce2\u52a8\uff09\uff0c\u53cd\u6620\u4ea4\u6613\u5458\u5728\u7b49\u66f4\u660e\u786e\u7684\u5b8f\u89c2\u56e0\u7d20\uff08macro\uff0c\u5373\u7ecf\u6d4e\u5927\u73af\u5883\uff09\u6216\u5730\u7f18\u653f\u6cbb\u89e6\u53d1\u70b9\uff0c\u518d\u51b3\u5b9a\u65b9\u5411\u3002<\/p>\n\n\n\n<p>\u4ece\u6280\u672f\u9762\u770b\uff0c\u77ed\u7ebf\u504f\u4e2d\u6027\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MA5\uff1a<\/strong>98.51\uff085\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff1a\u8fc7\u53bb5\u4e2a\u4ea4\u6613\u65e5\u7684\u5e73\u5747\u4ef7\uff09<\/li>\n\n\n\n<li><strong>MA10\uff1a<\/strong>98.85\uff0810\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff09<\/li>\n\n\n\n<li><strong>MA20\uff1a<\/strong>98.07\uff0820\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u591a\u6761\u79fb\u52a8\u5e73\u5747\u7ebf\uff08moving averages\uff0c\u7528\u5e73\u5747\u4ef7\u5e73\u6ed1\u6ce2\u52a8\u3001\u5224\u65ad\u8d8b\u52bf\u7684\u6307\u6807\uff09\u5f7c\u6b64\u9760\u8fd1\u4e14\u8d8b\u4e8e\u8d70\u5e73\uff0c\u901a\u5e38\u4ee3\u8868\u8d8b\u52bf\u52a8\u80fd\u51cf\u5f31\uff0c\u5e02\u573a\u8fdb\u5165\u533a\u95f4\u9707\u8361\uff08range-bound\uff0c\u5373\u5728\u4e0a\u4e0b\u754c\u4e4b\u95f4\u6ce2\u52a8\uff09\u3002\u4ef7\u683c\u4e5f\u5728\u5747\u7ebf\u9644\u8fd1\u6765\u56de\uff0c\u663e\u793a\u591a\u7a7a\u4ecd\u62ff\u4e0d\u5b9a\u4e3b\u610f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/cn\/wp-content\/uploads\/sites\/4\/2026\/05\/image-19-1024x459.jpg\" alt=\"\" class=\"wp-image-50225\"\/><\/figure>\n\n\n\n<p>\u5173\u6ce8\u5173\u952e\u4ef7\u4f4d\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8fd1\u7aef\u652f\u6491\uff1a<\/strong>97.00 \u2192 95.00\uff08\u652f\u6491\uff1a\u4ef7\u683c\u8dcc\u5230\u9644\u8fd1\u8f83\u5bb9\u6613\u6b62\u8dcc\uff09<\/li>\n\n\n\n<li><strong>\u4e3b\u8981\u652f\u6491\uff1a<\/strong>87.25<\/li>\n\n\n\n<li><strong>\u963b\u529b\uff1a<\/strong>100.00 \u2192 106.00 \u2192 119.42\uff08\u963b\u529b\uff1a\u4ef7\u683c\u6da8\u5230\u9644\u8fd1\u8f83\u5bb9\u6613\u9047\u5230\u5356\u538b\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>97\u201398<\/strong> \u533a\u95f4\u5df2\u6210\u4e3a\u77ed\u7ebf\u67a2\u7ebd\u4f4d\uff08pivot zone\uff0c\u5373\u591a\u7a7a\u5e38\u5728\u6b64\u62c9\u952f\u3001\u51b3\u5b9a\u4e0b\u4e00\u6bb5\u65b9\u5411\uff09\u30025\u6708\u4ee5\u6765\u4e70\u65b9\u591a\u6b21\u5b88\u4f4f\u8be5\u533a\u57df\uff0c\u4ee4\u8dcc\u52bf\u96be\u4ee5\u5ef6\u4f38\u3002<\/p>\n\n\n\n<p>\u5411\u4e0a\u65b9\u9762\uff0c\u539f\u6cb9\u9700\u8981\u6709\u6548\u5347\u7834\u5fc3\u7406\u5173\u53e3 <strong>100<\/strong>\uff08psychological level\uff0c\u5373\u5e02\u573a\u7279\u522b\u5173\u6ce8\u7684\u6574\u6570\u4f4d\uff09\uff0c\u624d\u80fd\u4fee\u590d\u66f4\u5f3a\u7684\u770b\u6da8\u60c5\u7eea\u3002\u82e5\u7a81\u7834\uff0c\u53ef\u80fd\u518d\u5ea6\u4e0a\u770b <strong>105\u2013106<\/strong> \u7684\u963b\u529b\u533a\uff0c\u8fc7\u53bb\u591a\u6b21\u53cd\u5f39\u5728\u8be5\u533a\u57df\u8f6c\u5f31\u3002<\/p>\n\n\n\n<p>\u4f46\u82e5\u8dcc\u7834 <strong>95<\/strong>\uff0c\u8fd9\u6bb5\u6a2a\u76d8\u7ed3\u6784\u53ef\u80fd\u8f6c\u4e3a\u66f4\u6df1\u56de\u8c03\uff08retracement\uff0c\u5373\u4ece\u4e0a\u6da8\u6216\u6a2a\u76d8\u8f6c\u4e3a\u4e0b\u8dcc\u4fee\u6b63\uff09\uff0c\u76ee\u6807\u6216\u6307\u5411 <strong>87<\/strong> \u9644\u8fd1\u4e3b\u8981\u652f\u6491\u3002<\/p>\n\n\n\n<p>\u6cb9\u5e02\u5b8f\u89c2\u73af\u5883\u4ecd\u504f\u590d\u6742\uff1a\u4f9b\u5e94\u7aef\u62c5\u5fe7\u4e0e\u5730\u7f18\u7d27\u5f20\u63d0\u4f9b\u5e95\u90e8\u652f\u6491\uff0c\u4f46\u5168\u7403\u9700\u6c42\u8f6c\u5f31\u9884\u671f\uff0c\u4ee5\u53ca\u5e02\u573a\u5bf9\u4e2d\u56fd\u5de5\u4e1a\u6d3b\u52a8\u66f4\u8c28\u614e\u7684\u60c5\u7eea\uff0c\u9650\u5236\u4e86\u6cb9\u4ef7\u8fdb\u4e00\u6b65\u6025\u6da8\u3002<\/p>\n\n\n\n<p>\u5e02\u573a\u4e5f\u7d27\u76ef OPEC+\uff08\u77f3\u6cb9\u8f93\u51fa\u56fd\u7ec4\u7ec7\u53ca\u76df\u53cb\uff09\u653f\u7b56\u4fe1\u53f7\u3001\u7f8e\u56fd\u5e93\u5b58\u6570\u636e\uff0c\u4ee5\u53ca\u4e0e\u5236\u9020\u4e1a\u4e0e\u8fd0\u8f93\u9700\u6c42\u76f8\u5173\u7684\u7ecf\u6d4e\u6307\u6807\u3002\u540c\u65f6\uff0c\u7f8e\u5143\u8fd1\u671f\u8d8b\u7a33\uff0c\u4e5f\u7565\u5fae\u524a\u5f31\u5927\u5b97\u5546\u54c1\uff08commodities\uff0c\u5982\u539f\u6cb9\u3001\u91d1\u5c5e\u7b49\uff09\u6b64\u524d\u53d7\u60e0\u7684\u4e0a\u884c\u52a9\u529b\u3002<\/p>\n\n\n\n<p>\u6210\u4ea4\u91cf\uff08volume\uff0c\u5373\u4ea4\u6613\u6d3b\u8dc3\u5ea6\uff09\u8f833\u6708\u5927\u6da8\u9636\u6bb5\u56de\u843d\uff0c\u652f\u6301\u201c\u5f53\u524d\u5728\u6574\u7406\u800c\u975e\u9a6c\u4e0a\u8fdb\u5165\u65b0\u4e00\u8f6e\u7a81\u7834\u201d\u7684\u5224\u65ad\u3002<\/p>\n\n\n\n<p>\u76ee\u524d CL-OIL \u5728\u5b88\u4f4f <strong>95\u201397<\/strong> \u652f\u6491\u533a\u65f6\uff0c\u6574\u4f53\u504f<strong>\u4e2d\u6027\u5230\u8c28\u614e\u770b\u6da8<\/strong>\uff08bias\uff0c\u5373\u503e\u5411\uff09\u3002\u82e5\u8981\u51fa\u73b0\u66f4\u5f3a\u4e0a\u884c\u52a8\u80fd\uff0c\u4ecd\u9700\u7ad9\u7a33 <strong>100<\/strong> \u4e0a\u65b9\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u8c28\u614e\u9884\u6d4b<\/h2>\n\n\n\n<p>\u53ea\u8981 CL-OIL \u4ecd\u4f4e\u4e8e <strong>98.858<\/strong> \u4e14\u9ad8\u4e8e <strong>97.184<\/strong>\uff0c\u4ef7\u683c\u53ef\u80fd\u7ef4\u6301\u533a\u95f4\u6ce2\u52a8\u3002\u82e5\u6536\u76d8\u7ad9\u4e0a <strong>98.858<\/strong>\uff0c\u5728\u970d\u5c14\u6728\u5179\u6301\u7eed\u5173\u95ed\u4e0e\u5e93\u5b58\u538b\u529b\u52a0\u6df1\u60c5\u51b5\u4e0b\uff0c\u884c\u60c5\u6216\u66f4\u6709\u673a\u4f1a\u8d70\u5411 <strong>105.968<\/strong>\u3002<\/p>\n\n\n\n<p>\u82e5\u8dcc\u7834 <strong>97.184<\/strong>\uff0c\u4ee3\u8868\u4ea4\u6613\u5458\u6b63\u5728\u964d\u4f4e\u4f9b\u5e94\u98ce\u9669\u6ea2\u4ef7\u3002\u4f46\u5728\u7f8e\u56fd\u5c01\u9501\u4ecd\u5728\u3001IEA \u7ee7\u7eed\u63d0\u793a <strong>10\u6708<\/strong>\u524d\u4f9b\u7ed9\u7d27\u5f20\u7684\u80cc\u666f\u4e0b\uff0c\u8dcc\u5e45\u53ef\u80fd\u4ecd\u6709\u9650\u3002\u4e0b\u4e00\u6bb5\u66f4\u660e\u786e\u884c\u60c5\uff0c\u53ef\u80fd\u53d6\u51b3\u4e8e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u7684\u8239\u8236\u5b89\u5168\u3001\u7f8e\u56fd\u2014\u4f0a\u6717\u8c08\u5224\u4fe1\u53f7\uff0c\u4ee5\u53ca\u7279\u6717\u666e\u2014\u4e60\u8fd1\u5e73\u80fd\u6e90\u8ba8\u8bba\u662f\u5426\u5e26\u6765\u5b9e\u9645\u4f9b\u5e94\u7f13\u89e3\u3002<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow 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<strong>97.520<\/strong>\u3002<\/p>\n\n\n\n<p><strong>\u4e3a\u4ec0\u4e48\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u4f1a\u5f71\u54cd\u6cb9\u4ef7\uff1f<\/strong><\/p>\n\n\n\n<p>\u56e0\u4e3a\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u662f\u5168\u7403\u6700\u91cd\u8981\u7684\u6cb9\u6c14\u8fd0\u8f93\u901a\u9053\u4e4b\u4e00\u3002<\/p>\n\n\n\n<p>\u7ea6 <strong>20%<\/strong> \u7684\u5168\u7403\u6cb9\u6c14\u8fd0\u8f93\u91cf\u7ecf\u8fc7\u8fd9\u91cc\u3002\u4efb\u4f55\u5173\u95ed\u6216\u822a\u884c\u98ce\u9669\uff0c\u90fd\u4f1a\u8fc5\u901f\u63a8\u9ad8\u8fd0\u8d39\u3001\u4fdd\u9669\u6210\u672c\uff0c\u5e76\u62ac\u9ad8\u5e03\u4f26\u7279\u4e0e WTI \u7684\u4f9b\u5e94\u98ce\u9669\u6ea2\u4ef7\uff08supply-risk premium\uff0c\u5373\u56e0\u4f9b\u5e94\u4e2d\u65ad\u98ce\u9669\u800c\u989d\u5916\u52a0\u4ef7\uff09\u3002<\/p>\n\n\n\n<p><strong>\u4f0a\u6717\u6218\u4e89\u5982\u4f55\u5f71\u54cd\u539f\u6cb9\u4f9b\u5e94\uff1f<\/strong><\/p>\n\n\n\n<p>\u6218\u4e89\u4ee4\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5173\u95ed\uff0c\u540c\u65f6\u7f8e\u56fd\u5bf9\u4f0a\u6717\u6e2f\u53e3\u7684\u6d77\u4e0a\u5c01\u9501\u4ecd\u5728\u3002<\/p>\n\n\n\n<p>\u5e02\u573a\u4e5f\u5728\u6d88\u5316\u201c\u5546\u8239\u5728\u6d77\u5ce1\u5165\u53e3\u9644\u8fd1\u88ab\u672a\u83b7\u6388\u6743\u4eba\u5458\u6263\u62bc\u5e76\u5e26\u5165\u4f0a\u6717\u6c34\u57df\u201d\u7684\u62a5\u9053\u3002<\/p>\n\n\n\n<p><strong>\u4e3a\u4ec0\u4e48\u5e02\u573a\u4ecd\u8ba1\u5165\u4f9b\u5e94\u98ce\u9669\u6ea2\u4ef7\uff1f<\/strong><\/p>\n\n\n\n<p>\u56e0\u4e3a\u505c\u706b\u5e76\u672a\u8ba9\u822a\u8fd0\u6062\u590d\u6b63\u5e38\u3002<\/p>\n\n\n\n<p>\u5c3d\u7ba1\u81ea<strong>4\u6708<\/strong>\u521d\u5df2\u505c\u706b\uff0c\u4f46\u534e\u76db\u987f\u4e0e\u5fb7\u9ed1\u5170\u8ddd\u79bb\u5168\u9762\u534f\u8bae\u4ecd\u8fdc\u3002\u5728\u8239\u53ea\u80fd\u5b89\u5168\u901a\u8fc7\u970d\u5c14\u6728\u5179\u524d\uff0c\u6cb9\u4ef7\u53ef\u80fd\u7ee7\u7eed\u83b7\u5f97\u652f\u6491\u3002<\/p>\n<\/details>\n\n<p>\r\n\r\n<p><strong>\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 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