{"id":46316,"date":"2026-04-30T05:19:29","date_gmt":"2026-04-30T05:19:29","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46316\/"},"modified":"2026-04-30T05:19:29","modified_gmt":"2026-04-30T05:19:29","slug":"%e6%b2%b9%e5%83%b9%e5%9b%a0%e4%bc%8a%e6%9c%97%e8%a5%b2%e6%93%8a%e9%a2%a8%e9%9a%aa%e4%b8%8a%e5%8d%87%e8%80%8c%e9%a3%86%e5%8d%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/analysis\/46316\/","title":{"rendered":"\u6cb9\u50f9\u56e0\u4f0a\u6717\u8972\u64ca\u98a8\u96aa\u4e0a\u5347\u800c\u98c6\u5347"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/zh\/wp-content\/uploads\/sites\/12\/2026\/04\/Oil2-2-1024x573.webp\" alt=\"\" class=\"wp-image-45337\"\/><\/figure>\n\n\n\n<p><strong>\u91cd\u9ede\u6574\u7406<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>6 \u6708\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent crude\uff0c\u5317\u6d77\u539f\u6cb9\u57fa\u6e96\u50f9\u683c\uff09\u4e0a\u6f32 5.27 \u7f8e\u5143\uff0c\u6f32\u5e45 4.5%\uff0c\u81f3\u6bcf\u6876 123.30 \u7f8e\u5143\uff08\u5927\u7d04\u5728 GMT 0347\uff09\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u5df2\u4e0a\u6f32 6.1%\u3002<\/li>\n\n\n\n<li>6 \u6708 WTI \u539f\u6cb9\u671f\u8ca8\uff08WTI futures\uff0c\u7f8e\u570b\u897f\u5fb7\u5dde\u4e2d\u8cea\u539f\u6cb9\u7684\u671f\u8ca8\u5408\u7d04\uff09\u4e0a\u6f32 2.42 \u7f8e\u5143\uff0c\u6f32\u5e45 2.3%\uff0c\u81f3\u6bcf\u6876 109.30 \u7f8e\u5143\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 7%\u3002<\/li>\n\n\n\n<li>CL-OIL\uff08\u539f\u6cb9\u5dee\u50f9\u5408\u7d04\uff0f\u4ea4\u6613\u4ee3\u78bc\uff09\u5831 109.329\uff0c\u4e0a\u6f32 0.907\uff08+0.84%\uff09\uff1b\u8cb7\u76e4\u8b93\u50f9\u683c\u7dad\u6301\u5728 5 \u65e5\u300110 \u65e5\u300120 \u65e5\u79fb\u52d5\u5e73\u5747\u7dda\uff08moving average\uff0c\u628a\u4e00\u6bb5\u671f\u9593\u50f9\u683c\u53d6\u5e73\u5747\uff0c\u7528\u4f86\u770b\u8da8\u52e2\uff09\u4e4b\u4e0a\u3002<\/li>\n\n\n\n<li>OPEC+\uff08OPEC \u8207\u76df\u570b\u7684\u7522\u6cb9\u570b\u806f\u76df\uff09\u9031\u65e5\u53ef\u80fd\u53ea\u628a\u7522\u91cf\u914d\u984d\uff08output quotas\uff0c\u5404\u570b\u5141\u8a31\u7684\u7522\u91cf\u4e0a\u9650\uff09\u5c0f\u5e45\u589e\u52a0\u7d04 18.8 \u842c\u6876\uff0f\u65e5\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>\u9031\u56db\u6cb9\u50f9\u518d\u5ea6\u4e0a\u6f32\uff0c\u5e02\u5834\u7126\u9ede\u5f9e\u300c\u9577\u671f\u5c01\u9396\u300d\u8f49\u5411\u300c\u53ef\u80fd\u7684\u8ecd\u4e8b\u884c\u52d5\u300d\u3002\u5831\u5c0e\u6307\u51fa\uff0c\u7f8e\u570b\u7e3d\u7d71\u5ddd\u666e\u5c07\u807d\u53d6\u4e00\u7cfb\u5217\u6253\u64ca\u4f0a\u6717\u7684\u8ecd\u4e8b\u8a08\u756b\u7c21\u5831\uff0c\u610f\u5716\u8feb\u4f7f\u5fb7\u9ed1\u862d\uff08Tehran\uff0c\u4f0a\u6717\u9996\u90fd\uff09\u56de\u5230\u6838\u8a08\u756b\uff08nuclear programme\uff0c\u6838\u80fd\uff0f\u6838\u6b66\u76f8\u95dc\u8a08\u756b\uff09\u8ac7\u5224\u684c\u3002<\/p>\n\n\n\n<p>\u622a\u81f3 GMT 0347\uff0c6 \u6708\u5e03\u862d\u7279\u539f\u6cb9\u671f\u8ca8\u4e0a\u6f32 5.27 \u7f8e\u5143\uff08+4.5%\uff09\u81f3\u6bcf\u6876 123.30 \u7f8e\u5143\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 6.1%\u30026 \u6708\u5408\u7d04\u5df2\u9023\u6f32\u7b2c 9 \u5929\uff0c\u4e26\u5728\u9031\u56db\u5230\u671f\uff08expires\uff0c\u5408\u7d04\u7d50\u7b97\uff0f\u5230\u671f\u65e5\uff09\u3002\u4ea4\u6613\u8f03\u6d3b\u8e8d\u7684 7 \u6708\u5408\u7d04\u5831\u6bcf\u6876 113.10 \u7f8e\u5143\uff0c\u4e0a\u6f32 2.66 \u7f8e\u5143\uff08+2.4%\uff09\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 5.8%\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Brent oil rose above $122 a barrel, a wartime high, on concerns the US may resume attacks against Iran, which will likely draw a swift response from Tehran and plunge the Middle East back into turmoil. Read more: <a href=\"https:\/\/t.co\/hpIpZgktEC\">https:\/\/t.co\/hpIpZgktEC<\/a><br><br>\ud83d\udcf7\ufe0f: Justin Hamel\/Bloomberg <a href=\"https:\/\/t.co\/b3pJkFajr8\">pic.twitter.com\/b3pJkFajr8<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2049700482310918491?ref_src=twsrc%5Etfw\">April 30, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>6 \u6708\u7f8e\u570b WTI \u539f\u6cb9\u671f\u8ca8\u4e0a\u6f32 2.42 \u7f8e\u5143\uff08+2.3%\uff09\u81f3\u6bcf\u6876 109.30 \u7f8e\u5143\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 7%\u3002WTI \u5728\u6700\u8fd1 9 \u500b\u4ea4\u6613\u65e5\u4e2d\u6709 8 \u5929\u4e0a\u6f32\u3002\u5e03\u862d\u7279\u8207 WTI \u90fd\u53ef\u671b\u9023\u7e8c\u7b2c 4 \u500b\u6708\u4e0a\u6f32\u3002<\/p>\n\n\n\n<p>\u8a0a\u865f\u5f88\u660e\u78ba\uff1a\u4ea4\u6613\u8005\u4e0d\u518d\u628a\u4f0a\u6717\u885d\u7a81\u7576\u6210\u77ed\u671f\u885d\u64ca\uff0c\u800c\u662f\u958b\u59cb\u53cd\u6620\u66f4\u9577\u6642\u9593\u7684\u80fd\u6e90\u4e2d\u65b7\u3001\u66f4\u660e\u986f\u7684\u4f9b\u61c9\u5403\u7dca\uff0c\u4ee5\u53ca\u505c\u706b\uff08ceasefire\uff0c\u66ab\u505c\u4ea4\u706b\uff09\u7121\u6cd5\u8b8a\u6210\u771f\u6b63\u548c\u89e3\u7684\u98a8\u96aa\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u8377\u59c6\u8332\u5c01\u9396\u8b93\u5e02\u5834\u6301\u7e8c\u5403\u7dca<\/h2>\n\n\n\n<p>\u7f8e\u570b\u8207\u4ee5\u8272\u5217\u5728 2 \u6708 28 \u65e5\u8d77\u5c0d\u4f0a\u6717\u767c\u52d5\u7a7a\u8972\u3002\u4f0a\u6717\u96a8\u5f8c\u5e7e\u4e4e\u5c01\u9396\u6240\u6709\u901a\u904e\u8377\u59c6\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u9023\u63a5\u6ce2\u65af\u7063\u8207\u5916\u6d77\u7684\u72f9\u7a84\u822a\u9053\uff09\u7684\u822a\u904b\u3002\u8377\u59c6\u8332\u6d77\u5cfd\u662f\u5168\u7403\u91cd\u8981\u80fd\u6e90\u300c\u54bd\u5589\u9ede\u300d\uff08energy chokepoint\uff0c\u8ca8\u7269\u8207\u80fd\u6e90\u5fc5\u7d93\u3001\u5bb9\u6613\u88ab\u5361\u4f4f\u7684\u95dc\u9375\u901a\u9053\uff09\u3002\u505c\u706b\u8b93\u6230\u9b25\u66ab\u505c\uff0c\u4f46\u6d77\u5cfd\u4ecd\u672a\u6062\u5fa9\u901a\u884c\u3002\u7f8e\u570b\u4e5f\u5c0d\u4f0a\u6717\u6e2f\u53e3\u5be6\u65bd\u5c01\u9396\uff08blockade\uff0c\u9650\u5236\u8239\u8236\u9032\u51fa\u8207\u8ca8\u7269\u6d41\u901a\uff09\u3002<\/p>\n\n\n\n<p>IEA\uff08\u570b\u969b\u80fd\u6e90\u7f72\uff0cInternational Energy Agency\uff09\u8868\u793a\uff0c\u8377\u59c6\u8332\u6d77\u5cfd\u627f\u64d4\u5927\u91cf\u5168\u7403\u80fd\u6e90\u8cbf\u6613\uff0c\u5305\u62ec 2025 \u5e74\u5168\u7403\u7d04 20% \u7684 LNG\uff08\u6db2\u5316\u5929\u7136\u6c23\uff0c\u5c07\u5929\u7136\u6c23\u964d\u6eab\u8b8a\u6210\u6db2\u9ad4\u4ee5\u4fbf\u904b\u8f38\uff09\u6d41\u91cf\u3002\u56e0\u6b64\u5c01\u9396\u5c0d\u7149\u6cb9\u5546\uff08refiners\uff0c\u628a\u539f\u6cb9\u52a0\u5de5\u6210\u6c7d\u67f4\u6cb9\u7b49\u7522\u54c1\u7684\u516c\u53f8\uff09\u3001\u822a\u904b\u696d\u8005\u3001\u96fb\u529b\u8207\u516c\u7528\u4e8b\u696d\uff08utilities\uff0c\u4f9b\u96fb\u4f9b\u6c23\u7b49\u516c\u53f8\uff09\u3001\u4ee5\u53ca\u60f3\u58d3\u4f4f\u71c3\u6599\u901a\u81a8\uff08fuel inflation\uff0c\u6cb9\u50f9\u63a8\u5347\u7684\u7269\u50f9\u4e0a\u6f32\uff09\u7684\u653f\u5e9c\u90fd\u662f\u5927\u554f\u984c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The IEA says the war in the Middle East has caused the biggest energy crisis in history. Jitania Kandhari of Morgan Stanley told Reuters the closure of the Strait of Hormuz could reshape the global energy map and China could be the unexpected winner <a href=\"https:\/\/t.co\/kTNU1tCVoO\">https:\/\/t.co\/kTNU1tCVoO<\/a> <a href=\"https:\/\/t.co\/jsFpq6aenE\">pic.twitter.com\/jsFpq6aenE<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2048784232735179095?ref_src=twsrc%5Etfw\">April 27, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u8ac7\u5224\u4ecd\u9677\u5165\u50f5\u5c40\u3002\u7f8e\u65b9\u5e0c\u671b\u628a\u4f0a\u6717\u300c\u88ab\u6307\u63a7\u7684\u300d\u6838\u6b66\u8a08\u756b\uff08alleged nuclear weapons programme\uff0c\u5916\u754c\u6307\u63a7\u4f46\u4f0a\u6717\u5426\u8a8d\u7684\u6838\u6b66\u76f8\u95dc\u6d3b\u52d5\uff09\u7d0d\u5165\u8ac7\u5224\uff1b\u4f0a\u6717\u5247\u5e0c\u671b\u5c0d\u6d77\u5cfd\u6709\u4e00\u5b9a\u638c\u63a7\u6b0a\u3001\u8981\u6c42\u6230\u722d\u640d\u5931\u8ce0\u511f\uff08reparations\uff0c\u6230\u722d\u640d\u5bb3\u7684\u88dc\u511f\uff09\u3001\u4e26\u8981\u6c42\u89e3\u9664\u5236\u88c1\uff08sanctions relief\uff0c\u653e\u5bec\u6216\u53d6\u6d88\u7d93\u6fdf\u5236\u88c1\uff09\u3002\u5728\u4efb\u4e00\u65b9\u8b93\u6b65\u524d\uff0c\u5e02\u5834\u53ef\u80fd\u6301\u7e8c\u628a\u8f03\u9ad8\u7684\u98a8\u96aa\u6ea2\u50f9\uff08risk premium\uff0c\u56e0\u4e0d\u78ba\u5b9a\u6027\u800c\u52a0\u4e0a\u7684\u984d\u5916\u50f9\u683c\uff0f\u6210\u672c\uff09\u53cd\u6620\u5728\u5e03\u862d\u7279\u8207 WTI\u3002<\/p>\n\n\n\n<p>ING \u5206\u6790\u5e2b\u8868\u793a\uff0c\u6cb9\u5e02\u5df2\u5f9e\u904e\u5ea6\u6a02\u89c0\uff0c\u8f49\u70ba\u9762\u5c0d\u6ce2\u65af\u7063\uff08Persian Gulf\uff0c\u4e2d\u6771\u4e3b\u8981\u7522\u6cb9\u6d77\u57df\uff09\u4f9b\u61c9\u78ba\u5be6\u53d7\u963b\u7684\u73fe\u5be6\u3002\u5e02\u5834\u539f\u672c\u671f\u5f85\u505c\u706b\u80fd\u66f4\u5feb\u5e36\u4f86\u4f9b\u7d66\u7de9\u89e3\uff0c\u4f46\u73fe\u5728\u4ea4\u6613\u8005\u8a8d\u70ba\u822a\u904b\u53d7\u963b\u66f4\u4e45\u3001\u5eab\u5b58\uff08inventories\uff0c\u53ef\u7528\u6cb9\u54c1\u5b58\u91cf\uff09\u66f4\u7dca\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6578\u6708\u5c01\u9396\u63d0\u9ad8\u901a\u81a8\u58d3\u529b<\/h2>\n\n\n\n<p>\u767d\u5bae\u5b98\u54e1\u8868\u793a\uff0c\u5ddd\u666e\u9031\u4e09\u8207\u77f3\u6cb9\u516c\u53f8\u8a0e\u8ad6\u5982\u4f55\u964d\u4f4e\u300c\u53ef\u80fd\u9577\u9054\u6578\u6708\u300d\u7684\u7f8e\u570b\u5c01\u9396\u6240\u5e36\u4f86\u7684\u5f71\u97ff\u3002\u8def\u900f\u793e\u6307\u51fa\uff0c\u8a0e\u8ad6\u5c0d\u8c61\u5305\u62ec\u5927\u578b\u80fd\u6e90\u516c\u53f8\uff0c\u91cd\u9ede\u6db5\u84cb\u539f\u6cb9\u7522\u91cf\u3001\u904b\u8f38\u3001\u5929\u7136\u6c23\uff0c\u4ee5\u53ca\u539f\u6cb9\u671f\u8ca8\uff08oil futures\uff0c\u7d04\u5b9a\u672a\u4f86\u4ee5\u7279\u5b9a\u50f9\u683c\u8cb7\u8ce3\u539f\u6cb9\u7684\u5408\u7d04\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Trump met with oil firms on possible months-long extension of Iran blockade <a href=\"https:\/\/t.co\/j1nslG869H\">https:\/\/t.co\/j1nslG869H<\/a> <a href=\"https:\/\/t.co\/j1nslG869H\">https:\/\/t.co\/j1nslG869H<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2049642435119055230?ref_src=twsrc%5Etfw\">April 30, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u9019\u8b93\u5e02\u5834\u770b\u5230\u5169\u9ede\uff1a\u7b2c\u4e00\uff0c\u83ef\u5e9c\u6b63\u70ba\u66f4\u9577\u6642\u9593\u7684\u885d\u7a81\u505a\u6e96\u5099\uff1b\u7b2c\u4e8c\uff0c\u767d\u5bae\u77e5\u9053\u6cb9\u50f9\u5df2\u6210\u70ba\u7f8e\u570b\u570b\u5167\u901a\u81a8\u98a8\u96aa\uff08domestic inflation risk\uff0c\u63a8\u5347\u672c\u570b\u7269\u50f9\u7684\u58d3\u529b\uff09\u3002<\/p>\n\n\n\n<p>\u539f\u6cb9\u50f9\u683c\u8d70\u9ad8\u6703\u63a8\u5347\u904b\u8f38\u3001\u822a\u904b\u3001\u767c\u96fb\u3001\u77f3\u5316\uff08petrochemicals\uff0c\u4ee5\u6cb9\u6c23\u70ba\u539f\u6599\u7684\u5316\u5de5\u54c1\uff09\u3001\u8207\u98df\u54c1\u6210\u672c\u3002\u82e5\u6cb9\u50f9\u9577\u671f\u505c\u5728\u6bcf\u6876 110\uff5e120 \u7f8e\u5143\u9644\u8fd1\uff0c\u592e\u884c\uff08central banks\uff0c\u5236\u5b9a\u5229\u7387\u8207\u8ca8\u5e63\u653f\u7b56\u7684\u6a5f\u69cb\uff09\u53ef\u80fd\u66f4\u96e3\u964d\u606f\uff08cut rates\uff0c\u964d\u4f4e\u653f\u7b56\u5229\u7387\uff09\u3002\u9019\u53ef\u80fd\u652f\u6490\u7f8e\u5143\u3001\u58d3\u6291\u80a1\u5e02\uff08equities\uff0c\u80a1\u7968\uff09\u3001\u4e26\u63d0\u9ad8\u4f9d\u8cf4\u71c3\u6599\u8207\u7269\u6d41\uff08logistics\uff0c\u904b\u8f38\u8207\u5009\u5132\u7b49\u4f9b\u61c9\u93c8\u4f5c\u696d\uff09\u7684\u4f01\u696d\u6210\u672c\u3002<\/p>\n\n\n\n<p>\u8f03\u4fdd\u5b88\u7684\u770b\u6cd5\u662f\uff1a\u53ea\u8981\u8377\u59c6\u8332\u4ecd\u5927\u5e45\u5c01\u9396\uff0c\u8207\u6cb9\u50f9\u9023\u52d5\u7684\u901a\u81a8\u98a8\u96aa\u5c31\u4e0d\u6703\u6d88\u5931\u3002\u6cb9\u50f9\u8981\u660e\u986f\u56de\u843d\uff0c\u9700\u8981\u770b\u5230\u822a\u904b\u6062\u5fa9\u7684\u5be6\u969b\u9032\u5c55\uff0c\u800c\u4e0d\u53ea\u662f\u5916\u4ea4\u8fad\u4ee4\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">OPEC+ \u7684\u7de9\u89e3\u529b\u9053\u76ee\u524d\u504f\u5c0f<\/h2>\n\n\n\n<p>OPEC+ \u9031\u65e5\u53ef\u80fd\u53ea\u540c\u610f\u628a\u7522\u91cf\u914d\u984d\u5c0f\u5e45\u589e\u52a0\u7d04 18.8 \u842c\u6876\uff0f\u65e5\u3002\u9019\u5834\u6703\u8b70\u7dca\u63a5\u5728\u963f\u806f\uff08United Arab Emirates, UAE\uff09\u9000\u51fa OPEC \u4e4b\u5f8c\uff1b\u9000\u51fa\u81ea 5 \u6708 1 \u65e5\u751f\u6548\u3002<\/p>\n\n\n\n<p>\u5728\u6b63\u5e38\u60c5\u6cc1\u4e0b\uff0c\u589e\u52a0\u4f9b\u7d66\u901a\u5e38\u6703\u58d3\u4f4f\u50f9\u683c\u3002\u4f46\u9019\u6b21\u5e02\u5834\u53ef\u80fd\u8a8d\u70ba\u5e45\u5ea6\u592a\u5c0f\u3002\u8377\u59c6\u8332\u8207\u6ce2\u65af\u7063\u5468\u908a\u7684\u5e72\u64fe\u5df2\u8b93\u4e3b\u8981\u7522\u6cb9\u570b\u51fa\u53e3\u4e0b\u964d\uff1b\u6b64\u5916\uff0cUAE \u9000\u51fa\u4e5f\u53ef\u80fd\u5728\u9577\u671f\u524a\u5f31\u8a72\u7d44\u7e54\u5c0d\u50f9\u683c\u7684\u5f71\u97ff\u529b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">UAE oil break exposes deepening Saudi rift as Gulf power shifts <a href=\"https:\/\/t.co\/tFwcAe70L2\">https:\/\/t.co\/tFwcAe70L2<\/a> <a href=\"https:\/\/t.co\/tFwcAe70L2\">https:\/\/t.co\/tFwcAe70L2<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2049613497563070731?ref_src=twsrc%5Etfw\">April 29, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5206\u6790\u5e2b\u4e5f\u8a8d\u70ba\uff0c\u5c31\u7b97\u51fa\u53e3\u6062\u5fa9\u5f8c UAE \u66f4\u6709\u7a7a\u9593\u589e\u7522\uff08raise output\uff0c\u63d0\u9ad8\u7522\u91cf\uff09\uff0c\u4eca\u5e74\u4e5f\u672a\u5fc5\u6539\u8b8a\u5e02\u5834\u4f9b\u9700\u7684\u6838\u5fc3\u72c0\u6cc1\uff08market fundamentals\uff0c\u4f9b\u7d66\u8207\u9700\u6c42\u7b49\u57fa\u672c\u9762\uff09\u3002\u4f0d\u5fb7\u9ea5\u80af\u8332\uff08Wood Mackenzie\uff09\u5206\u6790\u5e2b\u8868\u793a\uff0c\u5305\u62ec UAE \u5728\u5167\u7684\u6d77\u7063\u570b\u5bb6\u8981\u56de\u5230\u6230\u524d\u7522\u91cf\uff08pre-war production volumes\uff0c\u885d\u7a81\u524d\u7684\u7522\u91cf\u6c34\u6e96\uff09\u9700\u8981\u6578\u500b\u6708\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0cOPEC+ \u53ef\u80fd\u8b93\u6f32\u52e2\u964d\u6eab\uff0c\u4f46\u9664\u975e\u822a\u7dda\u91cd\u65b0\u958b\u653e\uff0c\u5426\u5247\u4e0d\u592a\u53ef\u80fd\u626d\u8f49\u8da8\u52e2\u3002\u8f03\u4fdd\u5b88\u7684\u770b\u6cd5\u662f\uff1a\u82e5\u8377\u59c6\u8332\u4ecd\u53d7\u9650\u3001\u8ecd\u4e8b\u98a8\u96aa\u5347\u9ad8\uff0c18.8 \u842c\u6876\uff0f\u65e5\u7684\u589e\u984d\u66f4\u50cf\u8c61\u5fb5\u6027\u52d5\u4f5c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6280\u8853\u9762\u986f\u793a\u8cb7\u65b9\u4ecd\u638c\u63a7<\/h2>\n\n\n\n<p>CL-OIL \u76ee\u524d\u5728 <strong>109.30<\/strong> \u9644\u8fd1\uff0c\u5ef6\u7e8c\u53cd\u5f48\u8d70\u52e2\uff0c\u4e26\u5728 4 \u6708\u4e2d\u65ec\u56de\u6a94\uff08pullback\uff0c\u77ed\u7dda\u56de\u843d\uff09\u5f8c\u56de\u5230\u8fd1\u671f\u5340\u9593\u4e0a\u7de3\u3002\u50f9\u683c\u8d70\u52e2\u986f\u793a\u8cb7\u76e4\u91cd\u65b0\u9032\u5834\uff0c\u5e02\u5834\u4e5f\u63a5\u8fd1\u5148\u524d\u66fe\u5f62\u6210\u4f9b\u7d66\u58d3\u529b\u7684\u5340\u57df\uff08supply zone\uff0c\u8ce3\u58d3\u5bb9\u6613\u51fa\u73fe\u7684\u50f9\u683c\u5e36\uff09\u3002<\/p>\n\n\n\n<p>\u5c31\u6280\u8853\u9762\uff08technical standpoint\uff0c\u7528\u50f9\u683c\u8207\u5716\u8868\u5224\u8b80\u5e02\u5834\uff09\u800c\u8a00\uff0c\u77ed\u7dda\u52d5\u80fd\uff08momentum\uff0c\u50f9\u683c\u4e0a\u6f32\u6216\u4e0b\u8dcc\u7684\u529b\u9053\uff09\u5df2\u8f49\u5f37\uff0c\u504f\u5411\u591a\u982d\uff08bullish\uff0c\u770b\u6f32\uff09\u3002\u50f9\u683c\u5b88\u5728 <strong>5 \u65e5\uff08101.72\uff09<\/strong>\u8207 <strong>10 \u65e5\uff0895.83\uff09<\/strong>\u79fb\u52d5\u5e73\u5747\u7dda\u4e4b\u4e0a\uff0c\u4e14\u5169\u689d\u5747\u7dda\u5411\u4e0a\uff0c\u5f62\u6210\u52d5\u614b\u652f\u6490\uff08dynamic support\uff0c\u6703\u96a8\u6642\u9593\u8b8a\u52d5\u7684\u652f\u6490\uff09\u3002<strong>20 \u65e5\uff0897.53\uff09<\/strong>\u5747\u7dda\u9060\u4f4e\u65bc\u73fe\u50f9\uff0c\u986f\u793a\u53cd\u5f48\u529b\u9053\u5f37\uff1b\u96d6\u5148\u524d\u6ce2\u52d5\u8f03\u5927\uff08volatility\uff0c\u50f9\u683c\u8d77\u4f0f\u5e45\u5ea6\uff09\uff0c\u4f46\u8f03\u5927\u65b9\u5411\u4ecd\u504f\u6b63\u5411\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/04\/image-37-1024x458.jpg\" alt=\"\" class=\"wp-image-49088\"\/><\/figure>\n\n\n\n<p>\u91cd\u8981\u50f9\u4f4d\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u652f\u6490\uff1a<\/strong> 101.70 \u2192 97.50 \u2192 95.80\uff08\u652f\u6490\uff1a\u50f9\u683c\u8f03\u53ef\u80fd\u6b62\u8dcc\u7684\u4f4d\u7f6e\uff09<\/li>\n\n\n\n<li><strong>\u58d3\u529b\uff1a<\/strong> 110.00 \u2192 115.90 \u2192 119.40\uff08\u58d3\u529b\uff1a\u50f9\u683c\u8f03\u53ef\u80fd\u9047\u5230\u8ce3\u58d3\u7684\u4f4d\u7f6e\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u50f9\u683c\u6b63\u6e2c\u8a66 <strong>110.00 \u58d3\u529b\u5340<\/strong>\uff0c\u9019\u662f\u91cd\u8981\u7684\u5fc3\u7406\u95dc\u5361\uff08psychological level\uff0c\u56e0\u6574\u6578\u800c\u5bb9\u6613\u88ab\u5e02\u5834\u95dc\u6ce8\uff09\u4e5f\u66fe\u8b93\u5148\u524d\u53cd\u5f48\u96e3\u4ee5\u7ad9\u7a69\u3002\u82e5\u80fd\u6709\u6548\u7a81\u7834\u4e26\u7dad\u6301\u5728\u5176\u4e0a\uff0c\u53ef\u80fd\u671d <strong>115.90<\/strong> \u63a8\u9032\uff1b\u82e5\u52d5\u80fd\u52a0\u901f\uff0c\u751a\u81f3\u53ef\u518d\u5ea6\u6311\u6230 <strong>119.40 \u9ad8\u9ede<\/strong>\u3002<\/p>\n\n\n\n<p>\u4e0b\u65b9\u9762\uff0c<strong>101.70<\/strong>\u662f\u77ed\u7dda\u7acb\u5373\u652f\u6490\uff0c\u8207\u77ed\u671f\u8da8\u52e2\u7d50\u69cb\u4e00\u81f4\u3002\u82e5\u8dcc\u7834\uff0c\u9019\u6ce2\u53cd\u5f48\u6703\u8f49\u5f31\u4e26\u53ef\u80fd\u4e0b\u770b <strong>97.50<\/strong>\uff1b\u4f46\u9664\u975e\u8ce3\u58d3\uff08selling pressure\uff0c\u6301\u7e8c\u8ce3\u51fa\u9020\u6210\u7684\u4e0b\u8dcc\u529b\u9053\uff09\u660e\u986f\u8b8a\u5f37\uff0c\u6574\u9ad4\u4ecd\u53ef\u80fd\u7dad\u6301\u5728\u504f\u591a\u7684\u67b6\u69cb\u4e2d\u3002<\/p>\n\n\n\n<p>\u6574\u9ad4\u800c\u8a00\uff0c\u6cb9\u50f9\u5728\u4fee\u6b63\uff08corrective phase\uff0c\u4e0a\u6f32\u5f8c\u7684\u6574\u7406\u56de\u6a94\uff09\u5f8c\u518d\u6b21\u8f49\u5f37\uff0c<strong>110<\/strong> \u6210\u70ba\u95dc\u9375\u8f49\u6298\u9ede\uff08inflexion point\uff0c\u8d70\u52e2\u53ef\u80fd\u6539\u8b8a\u65b9\u5411\u7684\u5340\u57df\uff09\uff0c\u6c7a\u5b9a\u4e0b\u4e00\u6bb5\u4e0a\u884c\u662f\u5426\u80fd\u958b\u5c55\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5c0d\u5e02\u5834\u7684\u5f71\u97ff<\/h2>\n\n\n\n<p>\u6cb9\u50f9\u4e0a\u6f32\u7684\u5f71\u97ff\u5df2\u64f4\u6563\u5230\u66f4\u5ee3\u7684\u5e02\u5834\u3002\u82e5\u539f\u6cb9\u5b88\u5728 109 \u7f8e\u5143\u4e4b\u4e0a\uff0c\u5e03\u862d\u7279\u7dad\u6301\u5728 120 \u7f8e\u5143\u9644\u8fd1\uff0c\u901a\u81a8\u9810\u671f\uff08inflation expectations\uff0c\u5e02\u5834\u5c0d\u672a\u4f86\u7269\u50f9\u4e0a\u6f32\u7684\u9810\u4f30\uff09\u53ef\u80fd\u518d\u5ea6\u5347\u9ad8\uff1b\u592e\u884c\u6703\u66f4\u8b39\u614e\uff0c\u7f8e\u5143\u53ef\u80fd\u504f\u5f37\uff0c\u800c\u5c0d\u5229\u7387\u654f\u611f\u7684\u80a1\u7968\u985e\u80a1\uff08rate-sensitive sectors\uff0c\u5982\u623f\u5730\u7522\u3001\u90e8\u5206\u6210\u9577\u80a1\u7b49\uff09\u53ef\u80fd\u627f\u58d3\u3002<\/p>\n\n\n\n<p>\u80fd\u6e90\u80a1\uff08energy shares\uff0c\u77f3\u6cb9\u5929\u7136\u6c23\u76f8\u95dc\u516c\u53f8\u80a1\u7968\uff09\u53ef\u80fd\u6301\u7e8c\u5438\u5f15\u8cb7\u76e4\uff0c\u4f46\u822a\u7a7a\u3001\u904b\u8f38\u3001\u6d88\u8cbb\u54c1\u724c\u3001\u88fd\u9020\u696d\u53ef\u80fd\u56e0\u6295\u5165\u6210\u672c\uff08input costs\uff0c\u539f\u6599\u8207\u80fd\u6e90\u7b49\u6210\u672c\uff09\u4e0a\u5347\u800c\u88ab\u58d3\u7e2e\u3002\u4f9d\u8cf4\u9032\u53e3\u71c3\u6599\u7684\u65b0\u8208\u5e02\u5834\uff08emerging markets\uff0c\u767c\u5c55\u4e2d\u5e02\u5834\uff09\u4e5f\u53ef\u80fd\u56e0\u8cbf\u6613\u6536\u652f\uff08trade balances\uff0c\u9032\u51fa\u53e3\u5dee\u984d\uff09\u8f49\u5f31\u8207\u8ca8\u5e63\u8d70\u4f4e\u800c\u627f\u53d7\u58d3\u529b\u3002<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>\u4ea4\u6613\u8005\u5e38\u898b\u554f\u984c<\/strong><\/summary>\n<p><strong>\u70ba\u4ec0\u9ebc\u6cb9\u50f9\u53c8\u4e0a\u6f32\uff1f<\/strong><\/p>\n\n\n\n<p>\u6cb9\u50f9\u4e0a\u6f32\uff0c\u4e3b\u8981\u662f\u5e02\u5834\u628a\u5c0d\u4f0a\u6717\u885d\u7a81\u5347\u7d1a\u7684\u8ecd\u4e8b\u98a8\u96aa\u53cd\u6620\u9032\u50f9\u683c\u3002<\/p>\n\n\n\n<p>\u5831\u5c0e\u6307\u51fa\uff0c\u7f8e\u570b\u7e3d\u7d71\u5ddd\u666e\u5c07\u807d\u53d6\u5c0d\u4f0a\u6717\u767c\u52d5\u8ecd\u4e8b\u6253\u64ca\u7684\u53ef\u80fd\u65b9\u6848\u7c21\u5831\uff0c\u76ee\u6a19\u662f\u6253\u7834\u4f0a\u6717\u6838\u8a08\u756b\u8ac7\u5224\u50f5\u5c40\u3002\u9019\u52a0\u6df1\u5e02\u5834\u5c0d\u4e2d\u6771\u4f9b\u61c9\u53ef\u80fd\u9032\u4e00\u6b65\u53d7\u963b\u7684\u64d4\u6182\u3002<\/p>\n\n\n\n<p><strong>\u5e03\u862d\u7279\u8207 WTI \u6f32\u4e86\u591a\u5c11\uff1f<\/strong><\/p>\n\n\n\n<p>\u622a\u81f3 GMT 0347\uff0c6 \u6708\u5e03\u862d\u7279\u539f\u6cb9\u671f\u8ca8\u4e0a\u6f32 5.27 \u7f8e\u5143\uff08+4.5%\uff09\u81f3\u6bcf\u6876 123.30 \u7f8e\u5143\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 6.1%\u3002<\/p>\n\n\n\n<p>\u4ea4\u6613\u8f03\u6d3b\u8e8d\u7684 7 \u6708\u5e03\u862d\u7279\u5408\u7d04\u5831\u6bcf\u6876 113.10 \u7f8e\u5143\uff0c\u4e0a\u6f32 2.66 \u7f8e\u5143\uff08+2.4%\uff09\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 5.8%\u3002\u7f8e\u570b 6 \u6708 WTI \u539f\u6cb9\u671f\u8ca8\u4e0a\u6f32 2.42 \u7f8e\u5143\uff08+2.3%\uff09\u81f3\u6bcf\u6876 109.30 \u7f8e\u5143\uff0c\u524d\u4e00\u4ea4\u6613\u65e5\u4e0a\u6f32 7%\u3002<\/p>\n\n\n\n<p><strong>\u70ba\u4ec0\u9ebc\u8377\u59c6\u8332\u6d77\u5cfd\u5c0d\u6cb9\u5e02\u5f88\u91cd\u8981\uff1f<\/strong><\/p>\n\n\n\n<p>\u8377\u59c6\u8332\u6d77\u5cfd\u662f\u5168\u7403\u6700\u91cd\u8981\u7684\u80fd\u6e90\u904b\u8f38\u8981\u9053\u4e4b\u4e00\uff08\u80fd\u6e90\u54bd\u5589\u9ede\uff09\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u8207\u4ee5\u8272\u5217\u5728 2 \u6708 28 \u65e5\u8d77\u5c0d\u4f0a\u6717\u7a7a\u8972\u5f8c\uff0c\u4f0a\u6717\u5e7e\u4e4e\u5c01\u9396\u4e86\u6d77\u5cfd\u822a\u904b\uff0c\u5e72\u64fe\u4e2d\u6771\u80fd\u6e90\u51fa\u53e3\uff0c\u8b93\u6cb9\u50f9\u7dad\u6301\u8f03\u9ad8\u7684\u98a8\u96aa\u6ea2\u50f9\u3002<\/p>\n\n\n\n<p><strong>\u70ba\u4ec0\u9ebc\u505c\u706b\u5f8c\u6cb9\u50f9\u4ecd\u4e0a\u6f32\uff1f<\/strong><\/p>\n\n\n\n<p>\u6cb9\u50f9\u4e0a\u6f32\u662f\u56e0\u70ba\u505c\u706b\u53ea\u662f\u66ab\u505c\u4ea4\u706b\uff0c\u4e26\u672a\u7d50\u675f\u885d\u7a81\uff0c\u4e5f\u6c92\u6709\u8b93\u8377\u59c6\u8332\u6d77\u5cfd\u6062\u5fa9\u901a\u884c\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u4e5f\u5c0d\u4f0a\u6717\u6e2f\u53e3\u5be6\u65bd\u5c01\u9396\u3002\u8ac7\u5224\u4ecd\u5361\u4f4f\uff1a\u7f8e\u65b9\u8981\u6c42\u8a0e\u8ad6\u4f0a\u6717\u88ab\u6307\u63a7\u7684\u6838\u6b66\u8a08\u756b\uff1b\u4f0a\u6717\u8981\u6c42\u5c0d\u6d77\u5cfd\u6709\u4e00\u5b9a\u638c\u63a7\u3001\u6230\u640d\u8ce0\u511f\u8207\u89e3\u9664\u5236\u88c1\u3002<\/p>\n\n\n\n<p><strong>\u7f8e\u570b\u82e5\u5c01\u9396\u6578\u6708\uff0c\u5c0d\u6cb9\u50f9\u4ee3\u8868\u4ec0\u9ebc\uff1f<\/strong><\/p>\n\n\n\n<p>\u82e5\u7f8e\u570b\u5c01\u9396\u5ef6\u7e8c\u6578\u6708\uff0c\u4f0a\u6717\u51fa\u53e3\u53ef\u80fd\u7e7c\u7e8c\u53d7\u9650\uff0c\u4e26\u8b93\u5340\u57df\u822a\u904b\u5e72\u64fe\u62d6\u5f97\u66f4\u4e45\u3002<\/p>\n\n\n\n<p>\u5ddd\u666e\u5df2\u8207\u77f3\u6cb9\u516c\u53f8\u8a0e\u8ad6\u5982\u4f55\u964d\u4f4e\u300c\u53ef\u80fd\u9577\u9054\u6578\u6708\u7684\u5c01\u9396\u300d\u5f71\u97ff\uff0c\u986f\u793a\u83ef\u5e9c\u5728\u6e96\u5099\u66f4\u9577\u671f\u7684\u885d\u7a81\uff0c\u4f9b\u61c9\u98a8\u96aa\u53ef\u80fd\u7dad\u6301\u504f\u9ad8\uff0c\u9032\u800c\u652f\u6490\u6cb9\u50f9\u3002<\/p>\n<\/details>\n\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 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