API原油库存再现千万桶累库，油价连续高位震荡收星线等待谈判结果

Core Viewpoint - The oil market is experiencing volatility due to geopolitical tensions between the US and Iran, with investors oscillating between expectations of diplomatic negotiations and potential military actions [4][5][19]. Market Dynamics - On the first trading day after the holiday, SC crude oil opened significantly higher, closing at 493.3 yuan per barrel, a rise of 6.18%. However, international oil prices have shown signs of high volatility, indicating a cautious market sentiment [4][16]. - The latest API data revealed a significant increase in US crude oil inventories, with over 10 million barrels added, contributing to pricing instability [5][17]. - The focus remains on geopolitical developments, particularly the upcoming US-Iran negotiations scheduled for February 26 in Geneva, which could impact oil prices significantly depending on the outcomes [4][19]. Geopolitical Factors - Iran's Foreign Minister expressed a desire to reach a fair agreement with the US quickly, emphasizing the importance of diplomatic solutions while maintaining Iran's right to peaceful nuclear technology [19]. - The US has been increasing military presence around Iran, which adds to market uncertainties. Recent reports of logistical issues with the USS Ford aircraft carrier have raised doubts about the US's military resolve [4][5][19]. - The core disagreement in negotiations centers around uranium enrichment, with potential conflicts in the Middle East posing risks to oil supply security [20]. Shipping Costs - The cost of long-term charters for supertankers has surged to over $92,000 per day, the highest level recorded since 1988, driven by geopolitical tensions and increased demand from shipowners [21].