{"id":651,"date":"2026-05-25T12:02:40","date_gmt":"2026-05-25T04:02:40","guid":{"rendered":"https:\/\/copi-tools.com\/zh-hant\/?p=651"},"modified":"2026-05-25T12:02:43","modified_gmt":"2026-05-25T04:02:43","slug":"crude-oil-2026-outlook","status":"publish","type":"post","link":"https:\/\/copi-tools.com\/zh-hant\/crude-oil-2026-outlook\/","title":{"rendered":"2026 \u539f\u6cb9\u50f9\u683c\u9810\u6e2c\uff1a\u8377\u59c6\u8332\u6d77\u5cfd\u4f9b\u7d66\u885d\u64ca\u3001144 \u7f8e\u5143\u9ad8\u9ede\u8207 CFD \u4ea4\u6613\u7b56\u7565"},"content":{"rendered":"\n<p>2026 \u5e74\u7684<strong>\u539f\u6cb9\u50f9\u683c\u9810\u6e2c<\/strong>\u5df2\u88ab\u4e2d\u6771\u885d\u7a81\u5fb9\u5e95\u6539\u5beb\u3002\u4f9d\u64da IEA\uff08\u570b\u969b\u80fd\u6e90\u7f72\uff092026 \u5e74 5 \u6708\u300a\u77f3\u6cb9\u5e02\u5834\u5831\u544a\u300b\uff0c2 \u6708 28 \u65e5\u958b\u6230\u4ee5\u4f86\uff0c\u8377\u59c6\u8332\u6d77\u5cfd\uff08Hormuz\uff09\u901a\u822a\u53d7\u9650\u5df2\u4f7f\u6d77\u7063\u7522\u6cb9\u570b\u7522\u91cf\u8f03\u6230\u524d\u4f4e <strong>1440 \u842c\u6876\/\u65e5\uff08mb\/d\uff09<\/strong>\uff0c\u5168\u7403\u5eab\u5b58\u4ee5\u5275\u7d00\u9304\u901f\u5ea6\u53bb\u5316\uff0cNorth Sea Dated \u57fa\u6e96\u50f9\u4e00\u5ea6\u885d\u4e0a <strong>144 \u7f8e\u5143\/\u6876<\/strong>\uff0c\u96a8\u5f8c\u8dcc\u7834 100 \u7f8e\u5143\uff0c5 \u6708\u57f7\u7b46\u6642\u7d04\u5728 <strong>110 \u7f8e\u5143<\/strong>\u9644\u8fd1\u3002\u82e5\u4f60\u4ea4\u6613\u539f\u6cb9 CFD\uff0c\u9019\u4e0d\u662f\u4e00\u822c\u666f\u6c23\u5faa\u74b0\u2014\u2014\u800c\u662f\u4e00\u5834\u6b63\u5728\u9032\u884c\u4e2d\u7684\u4f9b\u7d66\u93c8\u58d3\u529b\u6e2c\u8a66\u3002<\/p>\n\n\n\n<p>\u672c\u6587\u5f9e\u4f9b\u9700\u6578\u64da\u51fa\u767c\uff0c\u89e3\u6790\u8377\u59c6\u8332\u5c01\u9396\u7684\u898f\u6a21\u3001\u50f9\u683c\u5287\u70c8\u6ce2\u52d5\u7684\u539f\u56e0\u3001\u4e9e\u6d32\u7149\u6cb9\u5ee0\u7684\u56e0\u61c9\uff0c\u4ee5\u53ca IEA \u5047\u8a2d 6 \u6708\u8d77\u6d77\u5cfd\u9010\u6b65\u6062\u5fa9\u6642\u7684\u5e02\u5834\u5e73\u8861\uff0c\u4e26\u6574\u7406\u5c0d <a href=\"https:\/\/copi-tools.com\/zh-hant\/blog\/how-to-trade-crude-oil-cfds\/\">\u539f\u6cb9 CFD \u4ea4\u6613<\/a>\u7684\u5be6\u52d9\u555f\u793a\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2026 \u539f\u6cb9\u5c55\u671b\uff1a\u6578\u5b57\u544a\u8a34\u4f60\u7684\u73fe\u6cc1<\/h2>\n\n\n\n<p>IEA 5 \u6708\u5831\u544a\u7684\u6838\u5fc3\u7d50\u8ad6\u53ef\u4ee5\u6fc3\u7e2e\u70ba\u4e09\u7d44\u6578\u5b57\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4f9b\u7d66<\/strong>\uff1a2026 \u5e74 4 \u6708\u5168\u7403\u77f3\u6cb9\u4f9b\u7d66 <span class=\"swl-marker mark_yellow\"><strong>95.1 mb\/d<\/strong><\/span>\uff0c\u6708\u6e1b 1.8 mb\/d\uff1b2 \u6708\u4ee5\u4f86\u7d2f\u8a08\u640d\u5931 12.8 mb\/d<\/li>\n\n\n\n<li><strong>\u9700\u6c42<\/strong>\uff1a2026 \u5168\u5e74\u77f3\u6cb9\u9700\u6c42\u9810\u4f30 <strong>104 mb\/d<\/strong>\uff0c\u5e74\u6e1b 420 \u5343\u6876\/\u65e5\uff08kb\/d\uff09\uff0c\u8f03\u6230\u524d\u9810\u6e2c\u4e0b\u4fee 1.3 mb\/d<\/li>\n\n\n\n<li><strong>\u5eab\u5b58<\/strong>\uff1a3\u20134 \u6708\u5169\u500b\u6708\u89c0\u6e2c\u5eab\u5b58\u5408\u8a08\u6e1b\u5c11 <strong>2.5 \u5104\u6876\uff08250 mb\uff09<\/strong>\uff0c\u76f8\u7576\u65bc\u6bcf\u65e5 400 \u842c\u6876\u7684\u53bb\u5316\u901f\u5ea6<\/li>\n<\/ul>\n\n\n\n<p>mb\/d \u5373 million barrels per day\uff08\u767e\u842c\u6876\/\u65e5\uff09\uff0c\u662f\u77f3\u6cb9\u5e02\u5834\u6700\u5e38\u7528\u7684\u6d41\u91cf\u55ae\u4f4d\u3002\u6211\u500b\u4eba\u8a8d\u70ba\uff0c\u7576\u4f9b\u9700\u540c\u6642\u5287\u70c8\u8abf\u6574\u6642\uff0c\u55ae\u770b\u6cb9\u50f9\u9ad8\u4f4e\u9060\u4e0d\u5982\u8ffd\u8e64 mb\/d \u7d1a\u5225\u7684\u7f3a\u53e3\u4f86\u5f97\u53ef\u9760\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u8377\u59c6\u8332\u6d77\u5cfd\u5c01\u9396\uff1a\u70ba\u4f55\u5f71\u97ff\u5168\u7403\u5b9a\u50f9<\/h2>\n\n\n\n<p>\u8377\u59c6\u8332\u6d77\u5cfd\u9023\u63a5\u6ce2\u65af\u7063\u8207\u5916\u6d77\uff0c\u5168\u7403\u7d04\u4e94\u5206\u4e4b\u4e00\u7684\u6d77\u904b\u77f3\u6cb9\u9808\u7531\u6b64\u901a\u904e\u3002\u4e00\u65e6\u6cb9\u8f2a\u901a\u884c\u53d7\u9650\uff0c\u5373\u4f7f\u6cb9\u7530\u4ecd\u5728\u958b\u63a1\uff0c\u539f\u6cb9\u4e5f\u96e3\u4ee5\u6b63\u5e38\u51fa\u53e3\u2014\u2014\u8981\u9ebc\u5806\u5728\u9678\u4e0a\u5132\u69fd\uff0c\u8981\u9ebc\u88ab\u8feb\u6e1b\u7522\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5c0d\u5e03\u862d\u7279\u8207\u4e9e\u6d32\u9032\u53e3\u7684\u76f4\u63a5\u885d\u64ca<\/h3>\n\n\n\n<p>\u4e2d\u6771\u51fa\u53e3\u539f\u6cb9\u591a\u6578\u4ee5 Brent\u3001Dubai \u76f8\u95dc\u54c1\u8cea\u5b9a\u50f9\uff0c\u4e9e\u6d32\u7149\u6cb9\u5ee0\u662f\u4e3b\u8981\u8cb7\u5bb6\u30024 \u6708 North Sea Dated \u6708\u5747 <strong>120.36 \u7f8e\u5143\/\u6876<\/strong>\uff0c\u6708\u589e\u7d04 16.50 \u7f8e\u5143\uff1b\u73fe\u8ca8\u50f9\u5f8c\u7e8c\u66f4\u9ad8\u3002WTI\uff08\u7f8e\u570b\u897f\u5fb7\u5dde\u539f\u6cb9\uff09\u96d6\u4ee5\u672c\u571f\u7269\u6d41\u70ba\u4e3b\uff0c\u540c\u6a23\u53d7\u5230\u98a8\u96aa\u6ea2\u50f9\u727d\u52d5\uff0c\u4f46\u6d77\u904b\u4e2d\u6771\u6cb9\u54c1\u7684 Brent \u901a\u5e38\u5c0d\u5730\u7de3\u653f\u6cbb\u66f4\u654f\u611f\u3002<\/p>\n\n\n\n<p>\u5c31\u6211\u7684\u7d93\u9a57\uff0c\u8a31\u591a\u65b0\u624b\u53ea\u76ef WTI \u5eab\u5b58\u6578\u64da\uff0c\u5ffd\u7565\u4e86\u4e2d\u6771\u65b7\u4f9b\u5c0d\u300c\u6771\u8607\u4f0a\u58eb\u4ee5\u6771\u300d\u5e02\u5834\u7684\u885d\u64ca\u2014\u2014\u9019\u5728 2026 \u5e74\u662f\u5b9a\u50f9\u4e3b\u7dda\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u505c\u7522\u898f\u6a21\uff1aOPEC+ \u5be6\u969b\u7522\u91cf\u4e00\u89bd<\/h3>\n\n\n\n<figure class=\"wp-block-table is-all-centered\"><table><thead><tr><th>\u7522\u6cb9\u570b<\/th><th>2026\u5e744\u6708\u7522\u91cf (mb\/d)<\/th><th>\u8207 OPEC+ \u76ee\u6a19\u5dee\u8ddd<\/th><\/tr><\/thead><tbody><tr><td>\u6c99\u70cf\u5730\u963f\u62c9\u4f2f<\/td><td>6.98<\/td><td>-3.18<\/td><\/tr><tr><td>\u4f0a\u62c9\u514b<\/td><td>1.35<\/td><td>-2.85<\/td><\/tr><tr><td>\u79d1\u5a01\u7279<\/td><td>0.57<\/td><td>-2.02<\/td><\/tr><tr><td>\u963f\u806f\u914b<\/td><td>2.44<\/td><td>-0.94<\/td><\/tr><tr><td>\u4fc4\u7f85\u65af<\/td><td>8.83<\/td><td>-0.81<\/td><\/tr><tr><td><strong>OPEC+ \u5408\u8a08<\/strong><\/td><td><strong>34.13<\/strong><\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aIEA Oil Market Report, May 2026<\/figcaption><\/figure>\n\n\n\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 844 380\" width=\"100%\">\n  <rect width=\"844\" height=\"380\" style=\"fill:#ffffff;\"\/>\n  <text x=\"422\" y=\"38\" text-anchor=\"middle\" style=\"font-size:28px;font-weight:700;fill:#1e293b;font-family:sans-serif;\">OPEC+\u4e3b\u8981\u7522\u6cb9\u570b\uff1a\u5be6\u969b\u7522\u91cf vs \u76ee\u6a19\uff082026\u5e744\u6708\uff0cmb\/d\uff09<\/text>\n  <line x1=\"80\" y1=\"340.0\" x2=\"760\" y2=\"340.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"68\" y=\"345.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">0<\/text>\n  <line x1=\"80\" y1=\"280.0\" x2=\"760\" y2=\"280.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"68\" y=\"285.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">3<\/text>\n  <line x1=\"80\" y1=\"220.0\" x2=\"760\" y2=\"220.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"68\" y=\"225.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">6<\/text>\n  <line x1=\"80\" y1=\"160.0\" x2=\"760\" y2=\"160.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"68\" y=\"165.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">9<\/text>\n  <line x1=\"80\" y1=\"100.0\" x2=\"760\" y2=\"100.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"68\" y=\"105.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">12<\/text>\n  <line x1=\"80\" y1=\"100\" x2=\"80\" y2=\"340\" style=\"stroke:#94a3b8;stroke-width:2;\"\/>\n  <line x1=\"80\" y1=\"340\" x2=\"760\" y2=\"340\" style=\"stroke:#94a3b8;stroke-width:2;\"\/>\n  <rect x=\"108\" y=\"136.6\" width=\"20\" height=\"203.4\" rx=\"2\" style=\"fill:#d1d5db;\"\/>\n  <rect x=\"132\" y=\"200.4\" width=\"20\" height=\"139.6\" rx=\"2\" style=\"fill:#ea580c;\"\/>\n  <text x=\"142\" y=\"192.4\" text-anchor=\"middle\" style=\"font-size:17px;font-weight:700;fill:#ea580c;font-family:sans-serif;\">6.98<\/text>\n  <text x=\"142\" y=\"360\" text-anchor=\"middle\" style=\"font-size:14px;fill:#334155;font-family:sans-serif;\">\u6c99\u70cf\u5730<\/text>\n  <text x=\"142\" y=\"378\" text-anchor=\"middle\" style=\"font-size:14px;fill:#334155;font-family:sans-serif;\">\u963f\u62c9\u4f2f<\/text>\n  <rect x=\"238\" y=\"147.2\" width=\"20\" height=\"192.8\" rx=\"2\" style=\"fill:#d1d5db;\"\/>\n  <rect x=\"262\" y=\"163.4\" width=\"20\" height=\"176.6\" rx=\"2\" style=\"fill:#ea580c;\"\/>\n  <text x=\"272\" y=\"155.4\" text-anchor=\"middle\" style=\"font-size:17px;font-weight:700;fill:#ea580c;font-family:sans-serif;\">8.83<\/text>\n  <text x=\"272\" y=\"360\" text-anchor=\"middle\" style=\"font-size:14px;fill:#334155;font-family:sans-serif;\">\u4fc4\u7f85\u65af<\/text>\n  <rect x=\"368\" y=\"272.2\" width=\"20\" height=\"67.8\" rx=\"2\" style=\"fill:#d1d5db;\"\/>\n  <rect x=\"392\" y=\"291.2\" width=\"20\" height=\"48.8\" rx=\"2\" style=\"fill:#ea580c;\"\/>\n  <text x=\"402\" y=\"283.2\" text-anchor=\"middle\" style=\"font-size:17px;font-weight:700;fill:#ea580c;font-family:sans-serif;\">2.44<\/text>\n  <text x=\"402\" y=\"360\" text-anchor=\"middle\" style=\"font-size:14px;fill:#334155;font-family:sans-serif;\">\u963f\u806f\u914b<\/text>\n  <rect x=\"498\" y=\"256.0\" width=\"20\" height=\"84.0\" rx=\"2\" style=\"fill:#d1d5db;\"\/>\n  <rect x=\"522\" y=\"313.0\" width=\"20\" height=\"27.0\" rx=\"2\" style=\"fill:#ea580c;\"\/>\n  <text x=\"532\" y=\"305.0\" text-anchor=\"middle\" style=\"font-size:17px;font-weight:700;fill:#ea580c;font-family:sans-serif;\">1.35<\/text>\n  <text x=\"532\" y=\"360\" text-anchor=\"middle\" style=\"font-size:14px;fill:#334155;font-family:sans-serif;\">\u4f0a\u62c9\u514b<\/text>\n  <rect x=\"628\" y=\"288.0\" width=\"20\" height=\"52.0\" rx=\"2\" style=\"fill:#d1d5db;\"\/>\n  <rect x=\"652\" y=\"328.6\" width=\"20\" height=\"11.4\" rx=\"2\" style=\"fill:#ea580c;\"\/>\n  <text x=\"662\" y=\"320.6\" text-anchor=\"middle\" style=\"font-size:17px;font-weight:700;fill:#ea580c;font-family:sans-serif;\">0.57<\/text>\n  <text x=\"662\" y=\"360\" text-anchor=\"middle\" style=\"font-size:14px;fill:#334155;font-family:sans-serif;\">\u79d1\u5a01\u7279<\/text>\n  <rect x=\"560\" y=\"52\" width=\"14\" height=\"14\" style=\"fill:#ea580c;\"\/>\n  <text x=\"580\" y=\"64\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u5be6\u969b<\/text>\n  <rect x=\"640\" y=\"52\" width=\"14\" height=\"14\" style=\"fill:#d1d5db;\"\/>\n  <text x=\"660\" y=\"64\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u76ee\u6a19<\/text>\n  <text x=\"422\" y=\"375\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">\u8cc7\u6599\uff1aIEA OMR 2026\u5e745\u6708<\/text>\n<\/svg>\n\n\n\n<p>\u6d77\u7063\u53d7\u5c01\u9396\u5f71\u97ff\u7684\u7522\u91cf\u8f03\u6230\u524d\u4f4e <strong>14.4 mb\/d<\/strong>\uff0c\u7d2f\u8a08\u640d\u5931\u5df2\u8d85\u904e 10 \u5104\u6876\u3002\u8001\u5be6\u8aaa\uff0c\u9019\u4e0d\u662f\u77ed\u671f\u7dad\u4fee\u53ef\u4ee5\u89e3\u91cb\u7684\u898f\u6a21\uff1b\u82e5\u4f60\u7fd2\u6163\u7528\u904e\u5f80\u4e2d\u6771\u885d\u7a81\u7684\u6b77\u53f2\u985e\u6bd4\uff0c\u9019\u6b21\u53ef\u80fd\u9700\u8981\u4e0a\u8abf\u98a8\u96aa\u5047\u8a2d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5f9e 144 \u7f8e\u5143\u5230 100 \u7f8e\u5143\u4ee5\u4e0b\uff1a\u539f\u6cb9\u50f9\u683c\u70ba\u4f55\u5982\u6b64\u5287\u70c8<\/h2>\n\n\n\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 844 420\" width=\"100%\">\n  <rect width=\"844\" height=\"420\" style=\"fill:#ffffff;\"\/>\n  <text x=\"422\" y=\"38\" text-anchor=\"middle\" style=\"font-size:28px;font-weight:700;fill:#1e293b;font-family:sans-serif;\">\u539f\u6cb9\u6708\u5747\u50f9\uff08\u7f8e\u5143\/\u6876\uff09<\/text>\n  <line x1=\"70\" y1=\"360.0\" x2=\"804\" y2=\"360.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"60\" y=\"365.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">$50<\/text>\n  <line x1=\"70\" y1=\"287.5\" x2=\"804\" y2=\"287.5\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"60\" y=\"292.5\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">$70<\/text>\n  <line x1=\"70\" y1=\"215.0\" x2=\"804\" y2=\"215.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"60\" y=\"220.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">$90<\/text>\n  <line x1=\"70\" y1=\"142.5\" x2=\"804\" y2=\"142.5\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"60\" y=\"147.5\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">$110<\/text>\n  <line x1=\"70\" y1=\"70.0\" x2=\"804\" y2=\"70.0\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <text x=\"60\" y=\"75.0\" text-anchor=\"end\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">$130<\/text>\n  <line x1=\"70\" y1=\"360\" x2=\"804\" y2=\"360\" style=\"stroke:#94a3b8;stroke-width:2;\"\/>\n  <line x1=\"70\" y1=\"70\" x2=\"70\" y2=\"360\" style=\"stroke:#94a3b8;stroke-width:2;\"\/>\n  <text x=\"70.0\" y=\"400\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">Jan-25<\/text>\n  <text x=\"216.8\" y=\"400\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">Apr-25<\/text>\n  <text x=\"363.6\" y=\"400\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">Jul-25<\/text>\n  <text x=\"510.4\" y=\"400\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">Oct-25<\/text>\n  <text x=\"657.2\" y=\"400\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">Jan-26<\/text>\n  <text x=\"804.0\" y=\"400\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">Apr-26<\/text>\n  <polyline points=\"70.0,254.2 118.9,268.6 167.9,278.1 216.8,295.8 265.7,308.5 314.7,282.1 363.6,283.9 412.5,294.0 461.5,294.8 510.4,306.7 559.3,310.7 608.3,314.0 657.2,299.1 706.1,283.5 755.1,165.3 804.0,104.8\" fill=\"none\" style=\"stroke:#f97316;stroke-width:3;\"\/>\n  <polyline points=\"70.0,269.0 118.9,282.8 167.9,295.5 216.8,312.5 265.7,320.1 314.7,296.6 363.6,296.9 412.5,308.9 461.5,310.3 510.4,323.0 559.3,325.2 608.3,331.4 657.2,322.7 706.1,307.1 755.1,210.7 804.0,183.8\" fill=\"none\" style=\"stroke:#3b82f6;stroke-width:3;\"\/>\n  <circle cx=\"804.0\" cy=\"104.8\" r=\"5\" style=\"fill:#f97316;\"\/>\n  <text x=\"804.0\" y=\"90\" text-anchor=\"middle\" style=\"font-size:19px;font-weight:700;fill:#f97316;font-family:sans-serif;\">$120.4<\/text>\n  <circle cx=\"804.0\" cy=\"183.8\" r=\"5\" style=\"fill:#3b82f6;\"\/>\n  <text x=\"804.0\" y=\"175\" text-anchor=\"middle\" style=\"font-size:19px;font-weight:700;fill:#3b82f6;font-family:sans-serif;\">$98.6<\/text>\n  <line x1=\"706.1\" y1=\"70\" x2=\"706.1\" y2=\"360\" style=\"stroke:#ef4444;stroke-width:2;stroke-dasharray:6,4;\"\/>\n  <text x=\"700\" y=\"118\" text-anchor=\"end\" style=\"font-size:17px;font-weight:600;fill:#ef4444;font-family:sans-serif;\">2\/28 \u958b\u6230<\/text>\n  <rect x=\"580\" y=\"52\" width=\"14\" height=\"14\" style=\"fill:#f97316;\"\/>\n  <text x=\"600\" y=\"64\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u5e03\u862d\u7279<\/text>\n  <rect x=\"660\" y=\"52\" width=\"14\" height=\"14\" style=\"fill:#3b82f6;\"\/>\n  <text x=\"680\" y=\"64\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">WTI<\/text>\n<\/svg>\n\n\n\n<p>North Sea Dated \u5f9e <strong>144 \u7f8e\u5143\/\u6876<\/strong>\u9ad8\u9ede\u6025\u632b\u81f3 <strong>100 \u7f8e\u5143\u4ee5\u4e0b<\/strong>\uff0c5 \u6708\u53c8\u56de\u5230\u7d04 <strong>110 \u7f8e\u5143<\/strong>\u3002\u50f9\u683c\u4e26\u975e\u96a8\u6a5f\u8df3\u52d5\u2014\u2014\u6bcf\u4e00\u6ce2\u90fd\u758a\u52a0\u300c\u7269\u7406\u4f9b\u9700\u7dca\u5f35\u300d\u8207\u300c\u7f8e\u4f0a\u8ac7\u5224\u6d88\u606f\u300d\u5169\u5c64\u908f\u8f2f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5eab\u5b58\u5275\u7d00\u9304\u53bb\u5316<\/h3>\n\n\n\n<p>3 \u6708\u89c0\u6e2c\u5eab\u5b58\u6e1b\u5c11 129 mb\uff0c4 \u6708\u518d\u6e1b 117 mb\u30024 \u6708\u9678\u4e0a\u5eab\u5b58\u55ae\u6708\u5927\u6e1b <strong>170 mb\uff08-5.7 mb\/d\uff09<\/strong>\uff0c\u6d77\u4e0a\u6d6e\u5009\u5247\u56e0\u8239\u904b\u505c\u6ede\u589e\u52a0 53 mb\u3002OECD \u9678\u4e0a\u5eab\u5b58 4 \u6708\u9a5f\u6e1b 146 mb\uff08-4.9 mb\/d\uff09\uff0c\u986f\u793a\u5404\u570b\u6b63\u52d5\u7528\u5546\u696d\u8207\u6230\u7565\u5132\u5099\u3002<\/p>\n\n\n\n<p>\u8207 2022 \u5e74\u76f8\u6bd4\uff0c\u9019\u8f2a\u53bb\u5eab\u901f\u5ea6\u66f4\u5feb\u2014\u2014\u56e0\u70ba\u4e9e\u6d32\u9032\u53e3\u6a1e\u7d10\u76f4\u63a5\u4f4d\u65bc\u65b7\u4f9b\u93c8\u4e0a\uff0c\u800c\u4e0d\u53ea\u662f\u300c\u4ed8\u66f4\u9ad8\u50f9\u8cb7\u6cb9\u300d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u671f\u8ca8\u50f9\u5dee\u53cd\u6620\u8fd1\u6708\u7a00\u7f3a<\/h3>\n\n\n\n<p>4\u6708\u5e95 WTI\u3001Brent \u8fd1\u6708\u50f9\u5dee\u7d04 <strong>5\u7f8e\u5143\/\u6876<\/strong>\uff0c\u5c6c backwardation\uff08\u73fe\u8ca8\u5347\u6c34\uff09\u7d50\u69cb\u3002North Sea Dated \u76f8\u5c0d ICE Brent \u671f\u8ca8\u7684\u6ea2\u50f9\u57284\u4e2d\u65ec\u66fe\u9054\u7d00\u9304\u7684 35\u7f8e\u5143\/\u6876\uff0c5\u6708\u521d\u56de\u843d\u81f3\u7d043\u7f8e\u5143\u2014\u2014\u7269\u7406\u5e02\u5834\u8207\u7d19\u4e0a\u5408\u7d04\u7684\u812b\u7bc0\u4e00\u5ea6\u6975\u7aef\u3002<\/p>\n\n\n\n<p>\u82e5\u4f60\u4ee5\u77ed\u7dda CFD \u8ffd\u50f9\uff0c\u50f9\u5dee\u7d50\u69cb\u6bd4\u55ae\u65e5 K \u7dda\u66f4\u503c\u5f97\u7d0d\u5165\u5224\u65b7\uff1b\u50c5\u6191\u65b0\u805e\u6a19\u984c\u9032\u5834\uff0c\u5bb9\u6613\u88ab\u7d50\u69cb\u53cd\u566c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u9700\u6c42\u7aef\uff1a\u77f3\u5316\u3001\u822a\u7a7a\u8207\u4e9e\u6d32\u9032\u53e3\u540c\u6b65\u964d\u6eab<\/h2>\n\n\n\n<p>\u9ad8\u6cb9\u50f9\u6b63\u5728\u6467\u6bc0\u908a\u969b\u9700\u6c42\u3002IEA \u9810\u4f30 <strong>2026 \u5e74\u7b2c\u4e8c\u5b63\u9700\u6c42\u5e74\u6e1b 2.45 mb\/d<\/strong>\uff0c\u5168\u5e74\u9700\u6c42\u5e74\u6e1b 420 kb\/d\u3002OECD \u5360 930 kb\/d\uff0c\u975e OECD \u5360 1.5 mb\/d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u77f3\u5316\u8207\u822a\u7a7a\u53d7\u5275\u6700\u91cd<\/h3>\n\n\n\n<p>\u6d77\u7063\u77f3\u8166\u6cb9\u3001LPG \u51fa\u53e3\u53d7\u963b\uff0c\u77f3\u5316\u539f\u6599\u65e5\u76ca\u77ed\u7f3a\u3002\u822a\u7a7a\u6d3b\u52d5\u660e\u986f\u4f4e\u65bc\u6b63\u5e38\uff0c\u822a\u7164\u50f9\u683c\u5728\u4e2d\u6771\u6210\u54c1\u51fa\u53e3\u4e2d\u65b7\u5f8c\u4e00\u5ea6\u8fd1\u4e09\u500d\u98c6\u5347\uff0c\u96a8\u822a\u73ed\u524a\u6e1b\u7565\u70ba\u7de9\u548c\u3002IEA \u4e26\u8b66\u544a\uff0c\u9ad8\u6cb9\u50f9\u3001\u7d93\u6fdf\u653e\u7de9\u8207\u5b98\u65b9\u7bc0\u80fd\u63aa\u65bd\u5c07\u9032\u4e00\u6b65\u58d3\u6291\u71c3\u6599\u6d88\u8cbb\u3002<\/p>\n\n\n\n<p>\u6211\u500b\u4eba\u8a8d\u70ba\uff0c\u4e0d\u5b9c\u5047\u8a2d\u590f\u5b63\u7528\u8eca\u65fa\u5b63\u80fd\u5b8c\u5168\u62b5\u6d88\u9019\u4e9b\u640d\u5931\u2014\u20142026 \u5e74\u7684\u9700\u6c42\u66f2\u7dda\u6bd4\u591a\u6578\u4eba\u5e74\u521d\u60f3\u50cf\u7684\u66f4\u9661\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e2d\u570b\u3001\u65e5\u672c\u3001\u97d3\u570b\u9032\u53e3\u5927\u6e1b<\/h3>\n\n\n\n<p>\u7149\u6cb9\u5ee0\u6e1b\u7522\u9023\u5e36\u780d\u9032\u53e3\u3002Kpler \u6578\u64da\uff08IEA \u5f15\u7528\uff09\u986f\u793a\uff0c\u4e2d\u570b\u6d77\u904b\u539f\u6cb9\u9032\u53e3 2\u20134 \u6708\u6e1b\u5c11 <strong>3.6 mb\/d<\/strong>\uff1b\u65e5\u672c\u6e1b 1.9 mb\/d\u3001\u97d3\u570b\u6e1b 1 mb\/d\u3001\u5370\u5ea6\u6e1b 760 kb\/d\u30024 \u6708\u5168\u7403\u7149\u6cb9\u5ee0\u8655\u7406\u91cf\u5e74\u6e1b\u7d04 5 mb\/d\u2014\u2014\u539f\u6cb9\u7aef\u66ab\u6642\u7de9\u89e3\uff0c\u6210\u54c1\u7aef\u537b\u958b\u59cb\u5403\u7dca\u3002<\/p>\n\n\n\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 844 360\" width=\"100%\">\n  <rect width=\"844\" height=\"360\" style=\"fill:#ffffff;\"\/>\n  <text x=\"422\" y=\"36\" text-anchor=\"middle\" style=\"font-size:24px;font-weight:700;fill:#1e293b;font-family:sans-serif;\">\u4e9e\u6d32\u539f\u6cb9\u9032\u53e3\u964d\u5e45\uff082026\u5e742\u20134\u6708\uff0cmb\/d\uff09<\/text>\n  <line x1=\"760\" y1=\"60\" x2=\"760\" y2=\"320\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <line x1=\"610\" y1=\"60\" x2=\"610\" y2=\"320\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <line x1=\"460\" y1=\"60\" x2=\"460\" y2=\"320\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <line x1=\"310\" y1=\"60\" x2=\"310\" y2=\"320\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <line x1=\"160\" y1=\"60\" x2=\"160\" y2=\"320\" style=\"stroke:#e5e7eb;stroke-width:1;\"\/>\n  <line x1=\"760\" y1=\"60\" x2=\"760\" y2=\"320\" style=\"stroke:#64748b;stroke-width:2;\"\/>\n  <line x1=\"160\" y1=\"320\" x2=\"760\" y2=\"320\" style=\"stroke:#64748b;stroke-width:2;\"\/>\n  <text x=\"760\" y=\"340\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">0<\/text>\n  <text x=\"610\" y=\"340\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">-1<\/text>\n  <text x=\"460\" y=\"340\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">-2<\/text>\n  <text x=\"310\" y=\"340\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">-3<\/text>\n  <text x=\"160\" y=\"340\" text-anchor=\"middle\" style=\"font-size:14px;fill:#64748b;font-family:sans-serif;\">-4<\/text>\n  <text x=\"150\" y=\"102\" text-anchor=\"end\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u4e2d\u570b<\/text>\n  <rect x=\"220\" y=\"78\" width=\"540\" height=\"34\" rx=\"4\" style=\"fill:#ef4444;\"\/>\n  <text x=\"228\" y=\"101\" text-anchor=\"start\" style=\"font-size:17px;font-weight:600;fill:#ffffff;font-family:sans-serif;\">-3.6 mb\/d<\/text>\n  <text x=\"150\" y=\"167\" text-anchor=\"end\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u65e5\u672c<\/text>\n  <rect x=\"475\" y=\"143\" width=\"285\" height=\"34\" rx=\"4\" style=\"fill:#ef4444;\"\/>\n  <text x=\"483\" y=\"166\" text-anchor=\"start\" style=\"font-size:17px;font-weight:600;fill:#ffffff;font-family:sans-serif;\">-1.9 mb\/d<\/text>\n  <text x=\"150\" y=\"232\" text-anchor=\"end\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u97d3\u570b<\/text>\n  <rect x=\"610\" y=\"208\" width=\"150\" height=\"34\" rx=\"4\" style=\"fill:#ef4444;\"\/>\n  <text x=\"618\" y=\"231\" text-anchor=\"start\" style=\"font-size:17px;font-weight:600;fill:#ffffff;font-family:sans-serif;\">-1.0 mb\/d<\/text>\n  <text x=\"150\" y=\"297\" text-anchor=\"end\" style=\"font-size:17px;fill:#334155;font-family:sans-serif;\">\u5370\u5ea6<\/text>\n  <rect x=\"646\" y=\"273\" width=\"114\" height=\"34\" rx=\"4\" style=\"fill:#ef4444;\"\/>\n  <text x=\"654\" y=\"296\" text-anchor=\"start\" style=\"font-size:17px;font-weight:600;fill:#ffffff;font-family:sans-serif;\">-0.76 mb\/d<\/text>\n  <text x=\"422\" y=\"354\" text-anchor=\"middle\" style=\"font-size:14px;fill:#94a3b8;font-family:sans-serif;\">\u8cc7\u6599\uff1aKpler\uff0c\u5f15\u81ea IEA OMR 2026\u5e745\u6708<\/text>\n<\/svg>\n\n\n\n<p>2Q26 \u88fd\u6cb9\u5ee0\u539f\u6cb9\u8655\u7406\u91cf\u9810\u4f30\u5e74\u6e1b <strong>4.5 mb\/d<\/strong> \u81f3 78.7 mb\/d\uff0c\u5168\u5e74\u8655\u7406\u91cf\u5e74\u6e1b 1.6 mb\/d \u81f3 82.3 mb\/d\u3002\u7149\u6cb9\u5229\u6f64\u4ecd\u8655\u6b77\u53f2\u9ad8\u4f4d\uff0c\u4e2d\u9593\u993e\u5206\uff08\u67f4\u6cb9\u3001\u822a\u7164\uff09\u88c2\u89e3\u50f9\u5dee\u5c24\u5176\u5f37\u52c1\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f9b\u7d66\u7aef\uff1a\u5927\u897f\u6d0b\u589e\u7522\u3001\u6230\u5099\u91cb\u51fa\u8207\u6d77\u7063\u8fc2\u56de\u51fa\u53e3<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Atlantic Basin \u51fa\u53e3\u6fc0\u589e 3.5 mb\/d<\/h3>\n\n\n\n<p>\u81ea 2 \u6708\u4ee5\u4f86\uff0c\u5927\u897f\u6d0b\u76c6\u5730\uff08\u7f8e\u570b\u3001\u5df4\u897f\u3001\u52a0\u62ff\u5927\u3001\u54c8\u85a9\u514b\u3001\u59d4\u5167\u745e\u62c9\u7b49\uff09\u5c0d\u300c\u6771\u8607\u4f0a\u58eb\u4ee5\u6771\u300d\u5e02\u5834\u7684\u539f\u6cb9\u51fa\u53e3\u589e\u52a0 <strong>3.5 mb\/d<\/strong>\u3002\u7f8e\u6d32 2026 \u5e74\u4f9b\u7d66\u589e\u9577\u9810\u671f\u81ea\u5e74\u521d\u4ee5\u4f86\u4e0a\u4fee\u903e 600 kb\/d\uff0c\u5168\u5e74\u5e73\u5747\u589e\u9577 1.5 mb\/d\u3002\u4fc4\u7f85\u65af\u539f\u6cb9\u51fa\u53e3\u4ea6\u4e0a\u5347\u2014\u2014\u570b\u5167\u7149\u5ee0\u906d\u653b\u64ca\u6e1b\u5c11\u81ea\u7528\uff0c\u52a0\u4e0a\u7f8e\u570b\u66ab\u6642\u8c41\u514d\u90e8\u5206\u5728\u9014\u4fc4\u6cb9\u5236\u88c1\u3002<\/p>\n\n\n\n<p>\u5c0d\u65bc\u5e0c\u671b\u8ffd\u8e64\u300c\u8ab0\u5728\u88dc\u7f3a\u53e3\u300d\u7684\u4ea4\u6613\u8005\uff0cBrent CFD \u901a\u5e38\u6bd4 WTI \u66f4\u80fd\u53cd\u6620\u6d77\u904b\u66ff\u4ee3\u54c1\u7684\u7af6\u50f9\uff1b\u548c WTI \u76f8\u6bd4\uff0cBrent \u66f4\u8cbc\u8fd1\u9019\u689d\u6545\u4e8b\u7dda\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6c99\u70cf\u5730\u3001\u963f\u806f\u914b\u8fc2\u56de\u88dd\u8239<\/h3>\n\n\n\n<p>\u6c99\u70cf\u5730\u963f\u62c9\u4f2f\u8207\u963f\u806f\u914b\u5df2\u5c07\u90e8\u5206\u51fa\u53e3\u6539\u7531\u6d77\u5cfd\u4ee5\u5916\u7684\u78bc\u982d\u88dd\u8239\u3002\u9032\u53e3\u570b\u7684\u5546\u696d\u8207\u653f\u5e9c\u6230\u7565\u5132\u5099\u6301\u7e8c\u91cb\u51fa\uff0c\u4f46\u9019\u662f\u5728\u6d88\u8017\u7de9\u885d\u2014\u2014OECD 4 \u6708\u9678\u4e0a\u5eab\u5b58\u8fd1 5 mb\/d \u7684\u964d\u5e45\u5df2\u8aaa\u660e\u554f\u984c\u3002<\/p>\n\n\n\n<p>\u8aaa\u5be6\u8a71\uff0c\u6230\u7565\u5132\u5099\u53ef\u4ee5\u300c\u8cb7\u6642\u9593\u300d\uff0c\u4e0d\u80fd\u300c\u5275\u9020\u6cb9\u7530\u300d\u3002\u82e5\u6d77\u5cfd\u9577\u671f\u4e0d\u901a\uff0c2027 \u5e74\u7684\u5eab\u5b58\u5e95\u66f4\u8584\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IEA \u6062\u5fa9\u60c5\u5883\u8207\u4e2d\u6771\u5c40\u52e2\u98a8\u96aa<\/h2>\n\n\n\n<p>IEA \u57fa\u6e96\u5047\u8a2d\u70ba\uff1a<span class=\"swl-marker mark_yellow\"><strong>2026 \u5e74 6 \u6708\u8d77\u8377\u59c6\u8332\u901a\u822a\u9010\u6b65\u6062\u5fa9<\/strong><\/span>\u3002\u5373\u4fbf\u5982\u6b64\uff0c2026 \u5e74\u5168\u7403\u5e73\u5747\u4f9b\u7d66\u4ecd\u8f03\u5371\u6a5f\u524d\u9810\u671f\u4f4e 3.9 mb\/d\uff0c\u70ba 102.2 mb\/d\uff1b\u5e02\u5834\u8d64\u5b57\u9810\u8a08\u6301\u7e8c\u81f3\u7b2c\u56db\u5b63\u3002\u82e5\u8ac7\u5224\u6210\u529f\u3001\u6d77\u5cfd 3Q26 \u8d77\u6b63\u5e38\u5316\uff0c\u9700\u6c42\u53ef\u80fd\u5728\u5e74\u672b\u91cd\u56de\u589e\u9577\uff0c\u4f46\u4f9b\u7d66\u5fa9\u7526\u901a\u5e38\u66f4\u6162\u2014\u2014\u6cb9\u7530\u8207\u7ba1\u7dda\u7121\u6cd5\u4e00\u9375\u91cd\u555f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8ac7\u5224\u7834\u88c2\u7684\u4e0a\u884c\u5c3e\u98a8\u96aa<\/h3>\n\n\n\n<p>5 \u6708\u57f7\u7b46\u6642\uff0c\u7f8e\u4f0a\u4ecd\u5c31\u91cd\u958b\u6d77\u5cfd\u3001\u7d50\u675f\u6230\u722d\u50f5\u6301\u3002\u82e5\u5354\u5546\u7834\u88c2\u6216\u885d\u7a81\u5347\u7d1a\uff0c\u7d2f\u8a08 12.8 mb\/d \u7684\u640d\u5931\u5c07\u7e7c\u7e8c\u64f4\u5927\u3002CME \u9996\u5e2d\u7d93\u6fdf\u5b78\u5bb6 Erik Norland 2026 \u5e74 4 \u6708\u6307\u51fa\uff0c\u885d\u7a81\u5ef6\u7e8c\u4e4b\u969b\u907f\u96aa\u8cc7\u91d1\u6e67\u5411\u7f8e\u5143\u2014\u2014\u9019\u6703\u540c\u6642\u5f71\u97ff\u4ee5\u7f8e\u5143\u8a08\u50f9\u7684\u5927\u5b97\u5546\u54c1\u8207\u98a8\u96aa\u8cc7\u7522\uff0c\u76f8\u95dc\u6027\u4ea4\u6613\u96e3\u5ea6\u4e0a\u5347\u3002<\/p>\n\n\n\n<p>\u5728 14 mb\/d \u4ecd\u96e2\u7dda\u3001\u590f\u5b63\u6210\u54c1\u9700\u6c42\u4f86\u81e8\u4e4b\u969b\uff0c\u6211\u4e0d\u6703\u628a 110 \u7f8e\u5143\u8996\u70ba\u9435\u9802\uff1b\u53cd\u4e4b\uff0c\u82e5\u7a81\u7136\u50b3\u51fa\u5354\u8b70\uff0c\u6cb9\u50f9\u4e5f\u53ef\u80fd\u8df3\u7a7a\u5f0f\u8dcc\u56de\u6230\u524d 80\u201390 \u7f8e\u5143\u5340\u9593\u2014\u2014\u5169\u5074\u5c3e\u7aef\u90fd\u539a\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u9577\u671f\u8996\u89d2\uff1aOPEC 2050 \u5c55\u671b\u7684\u555f\u793a<\/h3>\n\n\n\n<p>OPEC\u300a2050 \u5e74\u4e16\u754c\u77f3\u6cb9\u5c55\u671b\u300b\uff082025 \u5e74\u7248\uff09\u5f37\u8abf\u80fd\u6e90\u653f\u7b56\u8207\u4eba\u53e3\u3001\u57ce\u5e02\u5316\u9577\u671f\u9a45\u52d5\u9700\u6c42\uff0c\u4f46\u4ea6\u627f\u8a8d\u77ed\u671f\u5730\u7de3\u885d\u64ca\u7684\u4e0d\u78ba\u5b9a\u6027\u5347\u9ad8\u30022026 \u5e74\u7684\u5371\u6a5f\u63d0\u9192\u6211\u5011\uff1a\u9577\u671f\u300c\u9700\u6c42\u6210\u9577\u6558\u4e8b\u300d\u8207\u77ed\u671f\u300c\u6d77\u5cfd\u65b7\u4f9b\u300d\u53ef\u4ee5\u5728\u540c\u4e00\u5f35\u5716\u8868\u4e0a\u5287\u70c8\u885d\u7a81\u2014\u2014CFD \u4ea4\u6613\u8005\u61c9\u5206\u958b\u7ba1\u7406\u9577\u77ed\u9031\u671f\u908f\u8f2f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u539f\u6cb9 CFD \u4ea4\u6613\uff1a\u6ce2\u52d5\u3001\u50f9\u5dee\u8207\u89c0\u5bdf\u6e05\u55ae<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u90e8\u4f4d\u5927\u5c0f\uff1a\u65e5\u6ce2\u52d5\u903e 10 \u7f8e\u5143\u6642<\/h3>\n\n\n\n<p>4 \u6708 North Sea Dated \u8fd1 50 \u7f8e\u5143\/\u6876\u7684\u5340\u9593\uff0c\u6620\u5c04\u5230 Brent\u3001WTI CFD \u5373\u662f\u6975\u7aef\u65e5\u5167\u632f\u5e45\u3002\u82e5\u5e33\u6236\u98a8\u96aa\u898f\u5247\u70ba\u55ae\u7b46 1%\uff0c\u5efa\u8b70\u540d\u7fa9\u90e8\u4f4d\u6e1b\u534a\uff0c\u6216\u964d\u4f4e\u69d3\u687f\u3002\u9031\u672b\u8ac7\u5224\u6d88\u606f\u53ef\u80fd\u9020\u6210\u8df3\u7a7a\uff1b\u73fe\u8ca8 CFD \u9694\u591c\u5eab\u5b58\u8cbb\u5728\u9577\u6301\u5009\u4e0b\u4e0d\u53ef\u5ffd\u7565\u3002<\/p>\n\n\n\n<p>\u82e5\u4f60\u662f\u90a3\u7a2e\u60f3\u5feb\u901f\u53cd\u61c9\u6d77\u5cfd\u65b0\u805e\u7684\u4ea4\u6613\u8005\uff0c\u9650\u50f9\u55ae\u901a\u5e38\u512a\u65bc\u5e02\u50f9\u55ae\u2014\u2014\u6d41\u52d5\u6027\u7a00\u8584\u6642\u6ed1\u50f9\u56b4\u91cd\u3002\u9019\u500b\u74b0\u5883\u4e0b\uff0c\u6211\u4e0d\u5efa\u8b70\u99ac\u4e01\u683c\u723e\u5f0f\u6524\u5e73\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">WTI \u8207 Brent\uff1a\u4e2d\u6771\u5c40\u52e2\u4e0b\u600e\u9ebc\u9078<\/h3>\n\n\n\n<p>\u8a73\u898b\u672c\u7ad9 <a href=\"https:\/\/copi-tools.com\/zh-hant\/blog\/how-to-trade-crude-oil-cfds\/\">\u539f\u6cb9 CFD \u6307\u5357<\/a>\uff1a\u5730\u7de3\u653f\u6cbb\u4e3b\u5c0e\u6642\u504f Brent\uff0c\u7f8e\u570b\u6578\u64da\u4e3b\u5c0e\u6642\u504f WTI\u30022026 \u5e74 5 \u6708\uff0cBrent \u627f\u8f09\u6d77\u5cfd\u98a8\u96aa\u6ea2\u50f9\uff0cWTI \u5247\u53d7\u60e0\u65bc\u7f8e\u570b\u51fa\u53e3\u5275\u9ad8\u2014\u2014\u4f46\u98a8\u96aa\u504f\u597d\u9aa4\u964d\u6642\u5169\u8005\u53ef\u80fd\u540c\u8dcc\u3002Brent\u2013WTI \u50f9\u5dee\u53ef\u8996\u70ba\u4e9e\u6d32\u70ba\u5927\u897f\u6d0b\u66ff\u4ee3\u6cb9\u652f\u4ed8\u6ea2\u50f9\u7684\u6eab\u5ea6\u8a08\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5efa\u8b70\u8ffd\u8e64\u7684\u50ac\u5316\u5291<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8377\u59c6\u8332\u6cb9\u8f2a\u901a\u884c\u91cf\u8207\u4fdd\u96aa\u8cbb\u7387<\/li>\n\n\n\n<li>IEA \/ OPEC \u6708\u5831\u5c0d\u6d77\u7063\u7522\u91cf\u7684\u4fee\u6b63<\/li>\n\n\n\n<li>OECD \u6230\u7565\u5132\u5099\u91cb\u51fa\u52d5\u614b<\/li>\n\n\n\n<li>\u4e2d\u3001\u65e5\u3001\u97d3\u7149\u6cb9\u5ee0\u9032\u53e3\u8207\u958b\u5de5\u7387<\/li>\n\n\n\n<li>\u7f8e\u5143\u6307\u6578 DXY\uff08\u53c3\u8003 <a href=\"https:\/\/copi-tools.com\/zh-hant\/blog\/what-is-dxy-dollar-index\/\">DXY \u6307\u6578\u89e3\u6790<\/a>\uff09\u2014\u2014\u5f37\u7f8e\u5143\u53ef\u80fd\u90e8\u5206\u62b5\u6d88\u4ee5\u975e\u7f8e\u5143\u5e33\u6236\u8a08\u50f9\u7684\u539f\u6cb9\u6f32\u5e45<\/li>\n<\/ul>\n\n\n\n<div class=\"swell-block-faq -icon-rounded is-style-default\" data-q=\"fill-custom\" data-a=\"fill-custom\">\n<div class=\"swell-block-faq__item\"><h3 class=\"faq_q\">2026 \u5e74\u539f\u6cb9\u50f9\u683c\u9810\u6e2c\u662f\u591a\u5c11\uff1f<\/h3><div class=\"faq_a\">\n<p>IEA \u4e0d\u767c\u5e03\u55ae\u4e00\u6cb9\u50f9\u76ee\u6a19\uff0c\u4f46 5 \u6708\u5831\u544a\u63cf\u8ff0 North Sea Dated 4 \u6708\u5747\u503c 120.36 \u7f8e\u5143\/\u6876\uff0c\u73fe\u8ca8\u66fe\u898b 144 \u7f8e\u5143\u9ad8\u9ede\uff0c\u5f8c\u8dcc\u7834 100 \u7f8e\u5143\uff0c5 \u6708\u7d04 110 \u7f8e\u5143\u3002\u5728 6 \u6708\u8d77\u6d77\u5cfd\u9010\u6b65\u6062\u5fa9\u7684\u5047\u8a2d\u4e0b\uff0c\u4ecd\u9810\u671f\u81f3\u7b2c\u56db\u5b63\u5e02\u5834\u8655\u65bc\u8d64\u5b57\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><h3 class=\"faq_q\">\u8377\u59c6\u8332\u6d77\u5cfd\u5c01\u9396\u5f71\u97ff\u591a\u5c11\u77f3\u6cb9\u4f9b\u7d66\uff1f<\/h3><div class=\"faq_a\">\n<p>2026 \u5e74 4 \u6708\uff0c\u53d7\u5c01\u9396\u5f71\u97ff\u7684\u6d77\u7063\u7522\u91cf\u8f03\u6230\u524d\u4f4e 14.4 mb\/d\uff0c2 \u6708\u4ee5\u4f86\u7d2f\u8a08\u640d\u5931 12.8 mb\/d\u3002\u5168\u7403 4 \u6708\u4f9b\u7d66 95.1 mb\/d\uff0c\u8f03 3 \u6708\u6e1b 1.8 mb\/d\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><h3 class=\"faq_q\">\u4e2d\u6771\u5c40\u52e2\u4e0b\u8a72\u4ea4\u6613 WTI \u9084\u662f Brent CFD\uff1f<\/h3><div class=\"faq_a\">\n<p>Brent \u66f4\u76f4\u63a5\u53cd\u6620\u6d77\u904b\u4e2d\u6771\u539f\u6cb9\u8207\u4e9e\u6d32\u3001\u6b50\u6d32\u7684\u5b9a\u50f9\uff1bWTI \u8207\u7f8e\u570b\u7522\u91cf\u3001\u5eab\u5b58\u53ca\u5927\u897f\u6d0b\u51fa\u53e3\u589e\u9577\u95dc\u806f\u8f03\u5f37\u3002\u591a\u6578\u4ea4\u6613\u8005\u5728\u5730\u7de3\u5371\u6a5f\u671f\u9593\u4ee5 Brent 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