基本面并未明显好转 原油盘中低位震荡运行

Core Viewpoint - The domestic energy futures market is experiencing a downward trend, particularly in crude oil prices, which are fluctuating around 490.4 yuan per barrel with a decline of approximately 1.21% [1][2]. Group 1: Market Performance - Crude oil futures opened at 490.4 yuan per barrel, with intraday fluctuations reaching a high of 491.4 yuan and a low of 482.4 yuan [1]. - The overall performance of the crude oil market is weak, indicating a bearish sentiment among traders [2]. Group 2: Geopolitical Factors - The upcoming third round of US-Iran negotiations is seen as a potential turning point, with both sides expressing optimism about reaching a diplomatic solution [2]. - Despite diplomatic efforts, the US has increased its military presence in the Middle East, marking the highest level of air power deployment since the Iraq War, contributing to geopolitical uncertainty [2]. Group 3: Supply and Demand Dynamics - The supply side remains oversupplied, with an OPEC+ meeting scheduled for March 1, where discussions about production increases are anticipated [2]. - The increase in EIA inventories has led to a decline in oil prices, and March may see a seasonal dip in processing demand, further complicating market conditions [2].