商品市場 作者 Fred Razak

4 分鐘

最後更新: Tue Apr 28 2026

油價上漲逾1% 布蘭特原油觸及106美元上方 受伊朗衝突影響能源市場

油價上漲逾1% 布蘭特原油觸及106美元上方 受伊朗衝突影響能源市場

週五油價上漲,其中布蘭特原油觸及每桶106美元上方西德州原油上漲逾1%,此前美國總統特朗普表示,無意立即解決與伊朗持續的衝突,據Investing.com報導。此舉使兩大基準原油期貨均有望錄得可觀的週度漲幅,反映出全球能源市場地緣政治不確定性加劇。


背景

原油價格近期上漲,此前特朗普總統表示,美國不急於結束與伊朗的衝突,據Investing.com報導。伊朗仍是世界主要產油國之一,該地區任何持續的軍事升級歷來都會在地緣政治風險溢價方面對能源市場產生重大影響。市場關係是動態的,並可能隨時間變化,過去地緣政治事件與油價波動之間的相關性並不保證未來表現。

交易員和分析師正密切關注局勢,考慮到伊朗在荷姆茲海峽的關鍵地位——這是全球原油運輸的重要通道。

該航道的擾亂,或其潛在風險,歷來都導致能源期貨市場價格波動加劇。市場目前似乎已將持續的不確定性溢價計入價格,但任何價格支撐的程度和持續時間將取決於地緣政治局勢如何演變,據路透社報導。

在供應方面,更廣泛的OPEC+產量動態以及美國頁岩油產量的軌跡仍然是分析師認為可能在短期內抑制或加劇價格波動的因素。另外,EIA每週石油數據繼續為美國庫存水平提供見解,市場可能會將其與地緣政治發展一同權衡。


關鍵數據

Investing.com報導,週五交易時段觀察到的價格水平和變動如下:

  • 布蘭特原油 (BZ=F):交易價格超過每桶106美元,盤中上漲超過1%
  • 西德州原油 (CL=F):同步上漲,當日漲幅超過1%
  • 兩大基準原油均有望錄得週度漲幅,反映出本週持續的買盤興趣
  • 106美元是布蘭特原油的一個技術上重要的水平,歷來是市場參與者關注的區域;這是一個觀察參考,而非方向性信號

原油的看漲論點基於地緣政治風險溢價可能擴大,如果伊朗衝突進一步升級或持續時間延長。看跌論點則集中在外交解決的可能性、主要經濟體需求疲軟,或非OPEC產油國的供應回應,這些都可能隨著時間推移對價格構成壓力。兩種情況都存在顯著的不確定性。


市場快照

資產水平變動來源
布蘭特原油 (BZ=F)~$106.00++1%+Investing.com
西德州原油 (CL=F)~$103–104 區間+1%+Investing.com
美元指數 (DXY)受關注變動路透社
黃金 (XAU/USD)處於高位上漲路透社
美國10年期國債收益率審議中變動路透社
標普500指數期貨受關注變動MarketWatch
歐元/美元受關注變動路透社

注意:水平反映盤中交易時段數據。資產類別之間的市場關係是動態的,並可能隨時間變化。過去的相關性並不保證未來的表現。

這類地緣政治風險事件歷來支持黃金和美國國債等避險資產,而股市和風險敏感型貨幣可能面臨阻力——儘管結果各不相同,並取決於一系列宏觀經濟和政治因素,據彭博社報導。


即將發生的事件

以下即將發生的事件和數據發布可能會影響原油和更廣泛的商品市場。鼓勵交易員監控Investing.com經濟日曆以獲取時間表和共識預期:

  • 伊朗衝突發展:任何外交信號或軍事升級都可能對原油價格中的地緣政治風險溢價產生重大影響
  • OPEC+溝通:來自成員國關於產量目標的任何預定或未預定的聲明可能與供應端的定價有關
  • 美國EIA每週石油報告:關於美國原油庫存和產量的EIA數據可能為西德州原油定價提供額外背景
  • 美聯儲評論:來自美聯儲官員關於通脹(能源價格是其組成部分)的任何言論都可能影響更廣泛的市場情緒;請參閱美聯儲事件日曆
  • 全球採購經理人指數和需求數據:主要經濟體的製造業活動數據可能會影響中期原油需求預期,據路透社報導
  • 美元走勢:美元指數的變動可能會與商品定價相互作用;市場關係是動態的,並可能隨時間變化

風險聲明:交易差價合約涉及重大風險,可能導致您已投資的資本損失。差價合約是複雜的工具,由於槓桿作用,存在快速虧損的高風險。您應考慮您是否理解差價合約的運作方式以及您是否能承受損失資金的高風險。過去的表現並不預示未來的結果。本內容僅供參考和教育目的,不構成投資建議。

Company Information: YWO (the “Brand”) operates under multiple licenses issued by recognized financial regulatory authorities, ensuring compliance, transparency, and protection for our clients across jurisdictions.
YWO (MU) Ltd is authorized and regulated by the Financial Services Authority (FSC) of Mauritius under the License No. GB25205550. The Company’s registration number is GBC229766 and its registered office is located at 2nd Floor, Suite 201, The Catalyst Cybercity Ebene, Mauritius.
YWO (PTY) Ltd is authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under FSP License No. 54357. The Company’s registration number is 2024/339763/07 and its registered office is located at 29 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193, South Africa.
YWO (CM) Ltd is authorized and regulated by the Mwali International Services Authority (M.I.S.A.) of the Union of the Comoros under License No. BFX2025026. The Company’s registration number is HT00225012, with its registered office at Bonovo Road, Fomboni, Island of Moheli, Comoros Union.
Regional Restrictions: YWO operates through its licensed entities, YWO (MU) Ltd, YWO (PTY) Ltd and YWO (CM) Ltd, each of which observes specific jurisdictional limitations:
  • YWO (MU) Ltd does not provide services to residents of the European Union (EU), United States (US), United Kingdom (UK), Canada or Australia.
  • YWO (PTY) Ltd does not provide services to residents of the European Union (EU), the United States (US), United Kingdom (UK), Canada, Australia or South Africa.
  • YWO (CM) Ltd does not provide services to residents of the European Union (EU), the United States (US), United Kingdom (UK), Canada or Australia.
None of the YWO entities offer services in any jurisdiction where such services would be contrary to local laws or regulatory requirements. The content on this website is provided for informational purposes only and does not constitute an offer or solicitation to any person in any jurisdiction where such distribution or use would violate applicable laws or regulations. YWO only accepts clients who initiate contact with us of their own accord.
Payment Agent: Cenaris Services Limited, a company incorporated under the laws of Cyprus with registration number HE473500, serves as the official payment agent for YWO (CM) Ltd. Its registered office is located at Trooditisis 11, Ground Floor, 2322, Lakatamia, Nicosia.
Risk Warning: Trading our products involves margin trading and carries a high level of risk, including the potential loss of your entire capital. These products may not be suitable for all investors. You should fully understand the risks involved before trading.
Disclosure: The YWO brand, including the licensed entities operating under it, does not provide financial advice, recommendations, or investment opinions regarding the purchase, holding, or sale of any financial instruments. Past performance is not a reliable indicator of future results. Any forward-looking statements or projections are for informational purposes only and must not be construed as guarantees of future performance. YWO is not a financial advisor and does not assume any fiduciary duty toward clients. All investment decisions are made independently by the client, who remains solely responsible for assessing the suitability and risks of any financial product or strategy. Clients are strongly encouraged to seek independent financial, legal, or tax advice where necessary.