巨量抛储也挡不住油价狂飙？研究公司：美国可能已经没牌了

Core Viewpoint - The International Energy Agency (IEA) announced an emergency release of 400 million barrels of oil reserves to stabilize rising oil prices due to the Iran conflict, but Wolfe Research believes this action will only mitigate the market shock and emphasizes the urgent need to reopen the Strait of Hormuz [1][2]. Group 1: Market Reaction - Following the announcement of the IEA's oil reserve release, international oil prices initially fell but then reversed course, with Brent crude futures rising 5.2% to $92.25 per barrel and WTI crude futures increasing 5.3% to $87.93 per barrel [2]. - Wolfe Research analyst Tobin Marcus noted that the market had already priced in the news prior to the announcement, as oil prices had approached $120 per barrel before dropping significantly due to reports of a planned strategic oil reserve release by the G7 [2][4]. Group 2: Impact of Oil Reserve Release - Wolfe Research indicated that the speed and timing of the IEA's oil reserve release are crucial for assessing its impact on the oil market [2]. - The release of 400 million barrels is equivalent to approximately 20 days of oil transport through the Strait of Hormuz, which typically sees nearly 20 million barrels transported daily [3][4]. Group 3: Limitations of U.S. Measures - Despite the significant scale of the strategic oil reserve release, Wolfe Research argues that it cannot fully mitigate the long-term effects of a potential closure of the Strait of Hormuz [5]. - Marcus expressed skepticism about the effectiveness of other potential U.S. measures to address rising oil prices, suggesting that they may be either impractical or insignificant [5].