{"id":44829,"date":"2026-04-13T23:05:50","date_gmt":"2026-04-13T23:05:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44829\/"},"modified":"2026-04-13T23:05:50","modified_gmt":"2026-04-13T23:05:50","slug":"%e4%bc%8a%e6%9c%97%e7%b7%8a%e5%bc%b5%e5%b1%80%e5%8b%a2%e5%86%8d%e8%b5%b7%e6%8e%a8%e5%8d%87wti%e8%87%b3%e7%b4%8495-70%e7%be%8e%e5%85%83%ef%bc%8c%e5%8d%875-90%ef%bc%9b%e5%b0%81%e9%8e%96%e6%86%82","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/44829\/","title":{"rendered":"\u4f0a\u6717\u7dca\u5f35\u5c40\u52e2\u518d\u8d77\u63a8\u5347WTI\u81f3\u7d0495.70\u7f8e\u5143\uff0c\u53475.90%\uff1b\u5c01\u9396\u6182\u616e\u6291\u5236\u4f9b\u61c9\uff0c\u4ecd\u4f4e\u65bc100\u7f8e\u5143"},"content":{"rendered":"

WTI \u539f\u6cb9\u5468\u4e00\u63a5\u8fd1\u6bcf\u6876 95.70 \u7f8e\u5143\uff0c\u65e5\u5167\u5347 5.90%\u3002\u6cb9\u50f9\u4ecd\u4f4e\u65bc 100 \u7f8e\u5143\uff0c\u4ea6\u672a\u7a81\u7834\u4e0a\u5468\u9ad8\u4f4d\uff08\u903e 106 \u7f8e\u5143\uff09\u3002<\/p>\n

\u4eca\u6b21\u4e0a\u5347\u6e90\u65bc\u4f0a\u6717\u53ca\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff09\u5c40\u52e2\u518d\u5ea6\u7dca\u5f35\u3002\u7f8e\u570b\u7e3d\u7d71\u4e0b\u4ee4\u7f8e\u8ecd\u65bc\u5468\u4e00\u7f8e\u6771\u6642\u9593 10:00 \u8d77\uff0c\u963b\u6b62\u8207\u4f0a\u6717\u6e2f\u53e3\u6709\u95dc\u7684\u8239\u96bb\u901a\u884c\u3002<\/p>\n

Strait Of Hormuz Supply Shock<\/h3>\n

\u970d\u723e\u6728\u8332\u6d77\u5cfd\u627f\u8f09\u7d04\u5168\u7403 20% \u539f\u6cb9\u4f9b\u61c9\u904b\u8f38\u3002\u6e23\u6253\u9280\u884c\u6307\u51fa\uff0c\u81ea 2 \u6708\u4e0b\u65ec\u8d77\u822a\u9053\u5be6\u969b\u4e0a\u63a5\u8fd1\u5c01\u9589\uff0c\u6cb9\u8f2a\u6d41\u91cf\u4e0b\u964d\uff0c2 \u6708\u81f3 3 \u6708\u671f\u9593\u6d77\u7063\u539f\u6cb9\u51fa\u53e3\u8dcc\u7d04 43%\uff0c\u76f8\u7576\u65bc\u7d04\u6bcf\u65e5 1,100 \u842c\u6876\u4f9b\u61c9\uff08barrels per day\uff0c\u7c21\u7a31 bpd\uff0c\u5373\u300c\u6bcf\u65e5\u6876\u6578\u300d\uff09\u66ab\u6642\u7121\u6cd5\u9032\u5165\u5e02\u5834\u3002<\/p>\n

\u5831\u9053\u6307\u83ef\u76db\u9813\u8207\u5fb7\u9ed1\u862d\u5468\u672b\u548c\u8ac7\u7834\u88c2\u3002\u70ba\u671f\u5169\u5468\u7684\u505c\u706b\u5354\u8b70\u4ecd\u7136\u751f\u6548\u3002<\/p>\n

\u6c99\u7279\u963f\u62c9\u4f2f\u5df2\u628a\u6771\u2014\u897f\u8f38\u6cb9\u7ba1\uff08East-West pipeline\uff09\u6062\u5fa9\u81f3\u5168\u8ca0\u8377\uff0c\u7d04\u6bcf\u65e5 700 \u842c\u6876\u3002\u8a72\u7ba1\u9053\u53ef\u628a\u539f\u6cb9\u7d93\u7d05\u6d77\u51fa\u53e3\uff0c\u6e1b\u5c11\u4f9d\u8cf4\u6d77\u7063\u822a\u7dda\u3002<\/p>\n

\u6cb9\u50f9\u5373\u6642\u62bd\u5347\u81f3 95.70 \u7f8e\u5143\uff0c\u53cd\u6620\u5e02\u5834\u91cd\u8996\u5c01\u9396\u5a01\u8105\uff1b\u4f46\u672a\u80fd\u91cd\u4e0a 100 \u7f8e\u5143\uff0c\u986f\u793a\u4ea4\u6613\u54e1\u4ecd\u5728\u8a55\u4f30\u900f\u904e\u5916\u4ea4\u964d\u6eab\u7684\u6a5f\u6703\u3002\u4f9b\u61c9\u4e2d\u65b7\u98a8\u96aa\u8207\u5c40\u52e2\u964d\u6eab\u5e0c\u671b\u4e92\u76f8\u62c9\u626f\uff0c\u672a\u4f86\u6578\u5468\u6216\u51fa\u73fe\u9ad8\u6ce2\u5e45\u3002\u8cb7\u8ce3\u884d\u751f\u5de5\u5177\uff08derivatives\uff0c\u6307\u671f\u6b0a\u3001\u671f\u8ca8\u7b49\u300c\u50f9\u503c\u8ddf\u96a8\u539f\u6cb9\u50f9\u683c\u8b8a\u52d5\u7684\u5408\u7d04\u300d\uff09\u7684\u4eba\u9700\u6e96\u5099\u96d9\u5411\u6025\u5347\u6025\u8dcc\uff0c\u800c\u975e\u55ae\u908a\u8d70\u52e2\u3002<\/p>\n

Trading The Volatility<\/h3>\n

\u82e5\u7f8e\u570b\u843d\u5be6\u5c01\u9396\u3001\u505c\u706b\u7834\u88c2\uff0c\u6cb9\u50f9\u6709\u660e\u986f\u98a8\u96aa\u5927\u5e45\u5347\u7a7f\u4e0a\u5468 106 \u7f8e\u5143\u9ad8\u4f4d\u3002\u4ee5 2025 \u5e74\u89d2\u5ea6\u56de\u770b\uff0c2019 \u5e74\u540c\u4e00\u5730\u5340\u6cb9\u8f2a\u9047\u8972\u66fe\u4ee4\u6cb9\u50f9\u55ae\u65e5\u6025\u5347\u8fd1 20%\u3002\u6b64\u5916\uff0c\u6309\u7f8e\u570b\u80fd\u6e90\u8cc7\u8a0a\u7f72\uff08EIA\uff09\u6700\u65b0\u6578\u64da\uff0c\u5168\u7403\u53ef\u8fc5\u901f\u52d5\u7528\u7684\u9592\u7f6e\u7522\u80fd\uff08spare production capacity\uff0c\u5373\u300c\u77ed\u671f\u5167\u53ef\u52a0\u958b\u7684\u984d\u5916\u7522\u91cf\u300d\uff09\u50c5\u7d04\u6bcf\u65e5 210 \u842c\u6876\uff0c\u4f9b\u61c9\u7de9\u885d\u504f\u5c11\uff0c\u4ee4\u5e02\u5834\u5c0d\u300c\u6bcf\u65e5 1,100 \u842c\u6876\u300d\u7684\u6f5b\u5728\u7f3a\u53e3\u66f4\u654f\u611f\u3002<\/p>\n

\u76f8\u53cd\uff0c\u82e5\u8ac7\u5224\u51fa\u73fe\u7a81\u7834\uff0c\u6cb9\u50f9\u4ea6\u53ef\u80fd\u50cf\u4e0a\u5347\u6642\u4e00\u6a23\u8fc5\u901f\u56de\u843d\u81f3 90 \u591a\u7f8e\u5143\u4f4e\u4f4d\u3002\u6c99\u7279\u53ef\u900f\u904e\u6771\u2014\u897f\u8f38\u6cb9\u7ba1\u6539\u9053\u6700\u591a\u6bcf\u65e5 700 \u842c\u6876\uff0c\u5c6c\u91cd\u8981\u4f46\u672a\u8db3\u4ee5\u5b8c\u5168\u62b5\u6d88\u970d\u723e\u6728\u8332\u5168\u9762\u5c01\u9396\u7684\u7de9\u885d\u3002\u7531\u65bc\u5b58\u5728\u6025\u8dcc\u98a8\u96aa\uff0c\u55ae\u7d14\u6301\u6709\u300c\u6de8\u505a\u591a\u300d\uff08outright long positions\uff0c\u5373\u300c\u53ea\u62bc\u6ce8\u6cb9\u50f9\u4e0a\u5347\u7684\u6301\u5009\u300d\uff09\u800c\u6c92\u6709\u4fdd\u8b77\u63aa\u65bd\u98a8\u96aa\u8f03\u9ad8\u3002<\/p>\n

\u5728\u5169\u80a1\u529b\u91cf\u5c0d\u6c96\u4e0b\uff0c\u8f03\u76f4\u63a5\u7684\u90e8\u7f72\u662f\u62bc\u6ce8\u300c\u6ce2\u52d5\u7387\u300d\uff08volatility\uff0c\u5373\u300c\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\u300d\uff09\u672c\u8eab\u3002\u9810\u671f CBOE \u539f\u6cb9\u6ce2\u52d5\u7387\u6307\u6578\uff08OVX\uff0c\u7528\u4ee5\u53cd\u6620\u5e02\u5834\u5c0d\u539f\u6cb9\u671f\u6b0a\u6ce2\u5e45\u7684\u9810\u671f\uff1b\u6307\u6578\u8d8a\u9ad8\u4ee3\u8868\u9810\u671f\u6ce2\u52d5\u8d8a\u5927\uff09\u5df2\u5347\u81f3 55\uff0c\u4ecd\u6703\u7dad\u6301\u9ad8\u4f01\u3002\u7b56\u7565\u5982\u300c\u8cb7\u5165\u8de8\u5f0f\u300d\uff08long straddle\uff0c\u5373\u300c\u540c\u6642\u8cb7\u5165\u76f8\u540c\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u8207\u8a8d\u6cbd\u671f\u6b0a\uff0c\u8ced\u5927\u5347\u6216\u5927\u8dcc\u300d\uff09\u6216\u300c\u8cb7\u5165\u5bec\u8de8\u5f0f\u300d\uff08long strangle\uff0c\u5373\u300c\u8cb7\u5165\u8f03\u9ad8\u884c\u4f7f\u50f9\u8a8d\u8cfc\u53ca\u8f03\u4f4e\u884c\u4f7f\u50f9\u8a8d\u6cbd\uff0c\u6210\u672c\u901a\u5e38\u8f03\u4f4e\uff0c\u540c\u6a23\u62bc\u6ce8\u5927\u6ce2\u5e45\u300d\uff09\u8f03\u9069\u5408\u76ee\u524d\u5730\u7de3\u653f\u6cbb\u9ad8\u5ea6\u4e0d\u78ba\u5b9a\u7684\u5e02\u6cc1\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4f0a\u6717\u7dca\u5f35\u5c40\u52e2\u5347\u6eab\uff0c\u63a8\u5347WTI\u98c6\u81f395.70\u7f8e\u5143\uff0c\u55ae\u65e5\u53475.90%\u3002\u5e02\u5834\u6182\u5c01\u9396\u64fe\u4e82\u4f9b\u61c9\uff0c\u6cb9\u50f9\u4ecd\u672a\u7834\u767e\uff0c\u5f8c\u7e8c\u6ce2\u52d5\u6050\u52a0\u5287\uff0c\u6295\u8cc7\u8005\u9700\u7dca\u76ef\u4e2d\u6771\u98a8\u96aa\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44829","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=44829"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44829\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=44829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=44829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=44829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}