Core Viewpoint - The recent decline in oil prices is seen as a relief rather than a cause for alarm, indicating a potential turning point in the market dynamics [1] Oil Price Movement - As of November 28, 2025, WTI January futures rose to $58.85 per barrel, while Brent reached $62.65 per barrel, suggesting a slight increase but not a reversal in trend [1] - The current oil price is being influenced by a weakening dollar, with over 80% of market participants betting on a Federal Reserve rate cut in December, making oil priced in dollars appear cheaper [4] Technical Analysis - Technical indicators show that WTI crude oil is struggling below key moving averages, indicating a weak and consolidating market rather than a strong rebound [4] - The 50-day and 200-day moving averages are both trending downward, with prices clustering around $58, reflecting a weak oscillation rather than a bullish trend [4] Domestic Price Adjustments - The 24th round of domestic oil price adjustments is expected to result in a decrease of 85 yuan per ton, translating to a savings of 0.07 yuan per liter [4] - The current gasoline prices in various regions, such as Beijing (6.89 yuan for 92 gasoline) and Jiangsu (6.86 yuan for 92 gasoline), reflect the ongoing adjustments [5][6] Market Sentiment and Economic Indicators - The oil market is currently influenced by conflicting forces: a weakening dollar providing support and weak demand expectations exerting downward pressure [7] - The fluctuations in oil prices are increasingly seen as a reflection of collective economic sentiment rather than solely geopolitical factors, indicating a broader economic thermometer [7] - The future trajectory of oil prices remains uncertain, hinging on global economic conditions and consumer confidence [7]