U.S. crude oil: Range-bound oscillation, sell on highs, buy on dips

(1) Analysis: The Middle East situation continues to provide a supply risk premium for oil prices, with WTI maintaining above $90 after consecutive gains. The latest EIA data shows that U.S. crude oil inventories have decreased by 4.5 million barrels, significantly better than expected, but Cushing inventories have increased slightly, and expectations of eased tensions are limiting upside potential. Before breaking through $95 in the short term, prices are still seen as fluctuating at high levels. (2) Key focus: Geopolitical situation, inventory data, U.S. Dollar Index (3) Resistance: 92.00, 93.00, 95.00 (4) Support: 90.00, 89.00, 88.00