Recently, due to the turmoil in Iran and ongoing geopolitical tensions in the Middle East, short-term speculative topics have emerged in the crude oil market. As a member of OPEC, if Iran's oil exports are hindered by the situation, it could lead to a significant tightening of supply, providing noticeable support for oil prices.



In recent days, crude oil prices have risen for five consecutive trading days. Although the rebound has slightly exceeded expectations, the market fundamentals have not fundamentally changed—oversupply remains the main current trend. Currently, oil prices have reached the $61.5 level. In the short term, attention can be focused on movements around this level, while closely monitoring subsequent supply and demand dynamics and geopolitical developments.
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