Geopolitical factors are driving oil prices higher. According to CCTV News, on February 11 local time, three U.S. officials revealed that as the U.S. military prepares for possible strikes against Iran, the Department of Defense has ordered the second carrier strike group to be ready for deployment to the Middle East. Former U.S. President Trump previously stated that he was considering sending a second carrier strike group to the Middle East to prepare for military action if negotiations with Iran fail. One official said the deployment order could be issued within hours, but Trump has not yet officially authorized it, and plans may change. Another official indicated that the Department of Defense is preparing to deploy a carrier strike group within two weeks, likely departing from the U.S. East Coast. The decline in oil prices reflects market disagreements over the Iran situation, a phenomenon that has occurred multiple times. The outlook for crude oil remains to buy on dips, with a reference level of 500; currently, it’s better to wait and see, as the Iran situation may escalate and push prices higher. Operationally, it is recommended to stay on the sidelines for now. (Chuangchuang Futures)
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First Capital Futures: Market Divided on Iran Situation, Oil Prices Rise and Fall
Geopolitical factors are driving oil prices higher. According to CCTV News, on February 11 local time, three U.S. officials revealed that as the U.S. military prepares for possible strikes against Iran, the Department of Defense has ordered the second carrier strike group to be ready for deployment to the Middle East. Former U.S. President Trump previously stated that he was considering sending a second carrier strike group to the Middle East to prepare for military action if negotiations with Iran fail. One official said the deployment order could be issued within hours, but Trump has not yet officially authorized it, and plans may change. Another official indicated that the Department of Defense is preparing to deploy a carrier strike group within two weeks, likely departing from the U.S. East Coast. The decline in oil prices reflects market disagreements over the Iran situation, a phenomenon that has occurred multiple times. The outlook for crude oil remains to buy on dips, with a reference level of 500; currently, it’s better to wait and see, as the Iran situation may escalate and push prices higher. Operationally, it is recommended to stay on the sidelines for now. (Chuangchuang Futures)