US crude oil: Range-bound fluctuations, buy on dips and sell on rallies
智通财经2026/10/16 03:06Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
(1)Analysis: WTI retreated to around $96 during the Asian session, ending a six-day rally. Concerns over a direct U.S.-Iran conflict have eased in the short term, but shipping risks in the Strait of Hormuz remain, and tanker freight rates remain high. According to the EIA, crude oil inventories fell by 8.557 million barrels last week, marking the largest decline since February. Combined with the IEA accelerating the release of the remaining 100 million barrels of reserves and the U.S. considering easing sanctions on the shadow fleet, oil prices are maintaining volatility at high levels.(2)Key focus: Geopolitical situation, inventory data, U.S. Dollar Index(3)Resistance levels: 96.00, 96.50, 97.00(4)Support levels: 95.00, 94.00, 93.00
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Spot gold breaks through $4,180 per ounce, COMEX gold rises by 0.76%
智通财经•2026/10/16 04:16


Petrovietnam Gas and PV Power plan to build a 1,600 MW LNG power plant in Hai Phong.
智通财经•2026/10/16 03:46
Crypto prices
MoreBitcoin
BTC
$81,946.9
+1.37%
Ethereum
ETH
$2,434.66
+3.06%
Tether USDt
USDT
$0.9988
+0.01%
BNB
BNB
$727.29
+1.58%
XRP
XRP
$1.33
+1.95%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$105.03
+2.43%
TRON
TRX
$0.3354
+1.53%
Hyperliquid
HYPE
$80.81
+3.23%
Zcash
ZEC
$1,206.43
+9.88%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now