Everbright Futures: Supply concerns temporarily eased, crude oil leads the decline in the futures market

In the short term, the United States has injected buffers into the market through measures such as releasing reserves and easing sanctions, partially alleviating supply concerns and directly contributing to the generally weaker performance of crude oil-related chemicals today. However, considering that the energy infrastructure of key Middle Eastern oil-producing countries has fallen into a vicious cycle of mutual attacks, any misjudgment or retaliation by either side could trigger a new round of supply shocks. Additionally, the International Energy Agency has previously warned that the current oil market faces unprecedented risks of supply disruptions. Therefore, in this context, oil prices are likely to remain volatile with a slight upward bias, and the cost support for downstream energy and chemical products will not easily diminish. As short-term fluctuations intensify, geopolitical sentiment remains the key variable in recent trading, and traders must be sure to implement risk prevention measures. (Everbright Futures)