<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/07/Oil-drill-pumping.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/07/Oil-drill-pumping.png"/></p>
<p>週四的盤中交易中，原油價格在觸及三週新低後暫停了下跌趨勢。美元走弱幫助抵消了前一交易 session 的部分損失，使得持有外幣的買家購買該商品時成本降低。</p>
<p>儘管如此，隨着市場消化最新的行業報告，原油仍然面臨賣壓，這些報告指出未來一年供應與需求之間的不平衡。截至撰寫時，WTI 原油價格為 59.03 美元。隨後，跟蹤美國油基準表現的 USO ETF 正在測試 70 美元的關鍵支撐位。</p>
<h2>原油市場報告顯示供應過剩加劇</h2>
<p>對供應與需求不平衡的擔憂正在壓制原油價格，最新的行業報告進一步加重了投資者的悲觀情緒。例如，OPEC 預計全球石油供應在未來一年將略微超過需求。有趣的是，這與他們之前對全球供應短缺的預測形成了對比。</p>
<p>與此同時，國際能源署（IEA）估計全球石油供應可能超過需求，創下 400 萬桶/日的歷史新高。然而，它仍將石油視為戰略商品，表明其需求可能在 2050 年達到峯值。這一展望基於電動車的採用速度較慢。</p>
<p>與此同時，美國石油協會（API）的數據顯示，截至 11 月 7 日的一週，庫存激增。儘管汽油庫存的下降表明美國消費者的韌性，原油庫存仍增加了 130 萬桶。</p>
<p>值得注意的是，美元走弱和 IEA 報告帶來的樂觀情緒幫助油價從週四早些時候觸及的三週低點反彈。然而，布倫特和 WTI 基準油價都面臨連續第三週的下跌。</p>
<h2>USO 原油價格技術分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/crude-oil-price-1-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/crude-oil-price-1-1024x579.png"/></p>
<p>原油價格圖表 | 來源：TradingView</p>
<p>USO 原油價格在過去三週內一直處於區間波動中，因對即將到來的供應與需求不平衡的擔憂抑制了其上漲潛力。從日線圖來看，進一步的賣壓正在形成，空頭試圖突破當前的 70 美元支撐區，並重新測試 10 月中旬的 68.50 美元水平。這是在幾份行業報告加劇了過剩擔憂之後。</p>
<p>在當前水平下，USO 原油價格低於短期 25 日指數移動平均線（EMA）和中期 50 日 EMA。自 10 月初以來，空頭死亡交叉形態已經形成，表明油價的壓力遠未結束。</p>
<p>在當前 70.43 美元的水平上，多頭仍有機會吸引更多買家並捍衞 70 美元附近的關鍵支撐。然而，如果價格跌破 69.45 美元，這與 6 月中旬 25 日和 50 日 EMA 的交匯點相符，將給賣方提供機會將價格壓低至 68.05 美元。相反，若價格反彈突破 25 日 EMA 的 71.50 美元，可能會激活 72.50 美元的阻力位。</p>
<p>原油價格分析：2026 年預測與 2025 年數據的對比，首發於 Invezz</p>

<p>原油價格暫停了下跌趨勢，受到美元走弱的影響。行業報告顯示供需失衡，OPEC 和 IEA 預測 2026 年將出現過剩。技術分析顯示 USO 油價面臨賣壓，正在測試 70 美元的支撐位。如果跌破 69.45 美元，可能會進一步壓低價格，而如果反彈超過 71.50 美元，則可能激活 72.50 美元的阻力位</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/07/Oil-drill-pumping.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/07/Oil-drill-pumping.png"/></p>
<p>Crude oil price paused on its downtrend in Thursday’s intraday trade after hitting a fresh three-week low earlier in the session. A weaker US dollar helped offset some losses from the previous session by rendering the commodity less expensive for buyers holding foreign currencies.</p>
<div class="lb-trans"><p>週四的盤中交易中，原油價格在觸及三週新低後暫停了下跌趨勢。美元走弱幫助抵消了前一交易 session 的部分損失，使得持有外幣的買家購買該商品時成本降低。</p>
</div><p>Nonetheless, it remains under selling pressure as the market digests the latest industry reports, which point to a supply-demand imbalance into the coming year. At the time of writing, WTI oil price was at $59.03. Subsequently, the USO ETF, which tracks the performance of the US oil benchmark, is testing the crucial support at $70.</p>
<div class="lb-trans"><p>儘管如此，隨着市場消化最新的行業報告，原油仍然面臨賣壓，這些報告指出未來一年供應與需求之間的不平衡。截至撰寫時，WTI 原油價格為 59.03 美元。隨後，跟蹤美國油基準表現的 USO ETF 正在測試 70 美元的關鍵支撐位。</p>
</div><h2>Oil market reports point to growing surplus</h2>
<div class="lb-trans"><h2>原油市場報告顯示供應過剩加劇</h2>
</div><p>Concerns over a supply-demand imbalance are weighing on crude oil prices, with the latest industry reports adding to the bearish investor sentiment. For instance, OPEC expects the global oil supply to slightly surplus demand in the coming year. Interestingly, this is a shift from their previous forecasts of a global supply deficit.</p>
<div class="lb-trans"><p>對供應與需求不平衡的擔憂正在壓制原油價格，最新的行業報告進一步加重了投資者的悲觀情緒。例如，OPEC 預計全球石油供應在未來一年將略微超過需求。有趣的是，這與他們之前對全球供應短缺的預測形成了對比。</p>
</div><p>At the same time, the International Energy Agency (IEA) estimates that global oil supply may exceed demand by a record amount of 4 million bpd. However, it upholds oil as a strategic commodity, indicating that its demand will likely peak by 2050. This outlook is pegged on a slower adoption of electric vehicles.</p>
<div class="lb-trans"><p>與此同時，國際能源署（IEA）估計全球石油供應可能超過需求，創下 400 萬桶/日的歷史新高。然而，它仍將石油視為戰略商品，表明其需求可能在 2050 年達到峯值。這一展望基於電動車的採用速度較慢。</p>
</div><p>Meanwhile, data from the American Petroleum Institute (API) showed a surge in inventories for the week that ended on 7th November. Crude stockpiles increased by 1.3 million barrels even as the decline in gasoline inventories pointed to a resilient US consumer.</p>
<div class="lb-trans"><p>與此同時，美國石油協會（API）的數據顯示，截至 11 月 7 日的一週，庫存激增。儘管汽油庫存的下降表明美國消費者的韌性，原油庫存仍增加了 130 萬桶。</p>
</div><p>Notably, a weaker US dollar and optimism from the IEA report helped oil prices bounce off the three-week low hit earlier on Thursday. However, both Brent and WTI benchmarks are set for their third consecutive week of losses.</p>
<div class="lb-trans"><p>值得注意的是，美元走弱和 IEA 報告帶來的樂觀情緒幫助油價從週四早些時候觸及的三週低點反彈。然而，布倫特和 WTI 基準油價都面臨連續第三週的下跌。</p>
</div><h2>USO crude oil price technical analysis</h2>
<div class="lb-trans"><h2>USO 原油價格技術分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/crude-oil-price-1-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/crude-oil-price-1-1024x579.png"/></p>
<p>Crude oil price chart | Source: TradingView</p>
<div class="lb-trans"><p>原油價格圖表 | 來源：TradingView</p>
</div><p>USO oil price has been range-bound for about three weeks as worries over a looming supply-demand imbalance curb its upside potential. A look at its daily chart points to further selling pressure as the bears seek to break the current support zone of $70 and retest mid-October levels of $68.50. This is after several industry reports heightened oversupply concerns.</p>
<div class="lb-trans"><p>USO 原油價格在過去三週內一直處於區間波動中，因對即將到來的供應與需求不平衡的擔憂抑制了其上漲潛力。從日線圖來看，進一步的賣壓正在形成，空頭試圖突破當前的 70 美元支撐區，並重新測試 10 月中旬的 68.50 美元水平。這是在幾份行業報告加劇了過剩擔憂之後。</p>
</div><p>At its current level, USO oil price is trading below the short-term 25-day EMA and the medium-term 50-day EMA. Since early October, the bearish death cross pattern has been in place; an indication that the weight on oil prices is far from over.</p>
<div class="lb-trans"><p>在當前水平下，USO 原油價格低於短期 25 日指數移動平均線（EMA）和中期 50 日 EMA。自 10 月初以來，空頭死亡交叉形態已經形成，表明油價的壓力遠未結束。</p>
</div><p>At its current level of $70.43, the bulls still have an opportunity to attract more buyers and defend the crucial support around $70. However, a decline past $69.45, which matches the point of convergence for the 25 and 50-day EMAs in mid-June, will give the sellers a chance to push the price lower to $68.05. On the flip side, a rebound past the 25-day EMA at $71.50 will likely activate the resistance at $72.50.</p>
<div class="lb-trans"><p>在當前 70.43 美元的水平上，多頭仍有機會吸引更多買家並捍衞 70 美元附近的關鍵支撐。然而，如果價格跌破 69.45 美元，這與 6 月中旬 25 日和 50 日 EMA 的交匯點相符，將給賣方提供機會將價格壓低至 68.05 美元。相反，若價格反彈突破 25 日 EMA 的 71.50 美元，可能會激活 72.50 美元的阻力位。</p>
</div><p>The post Crude oil price analysis: 2026 forecast Vs. 2025 numbers appeared first on Invezz</p>
<div class="lb-trans"><p>原油價格分析：2026 年預測與 2025 年數據的對比，首發於 Invezz</p>
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