\u5728\u5ddd\u666e\u7e3d\u7d71\u793a\u610f\u7f8e\u570b\u66ab\u6642\u4e0d\u5c0d\u4f0a\u6717\u63a1\u53d6\u884c\u52d5\uff0c\u62b9\u53bb\u5df2\u7d93\u6ef2\u5165\u50f9\u683c\u7684\u6230\u722d\u98a8\u96aa\u6ea2\u50f9\u5f8c\uff0c\u539f\u6cb9\u5275\u4e0b\u81ea\u5341\u6708\u4ee5\u4f86\u55ae\u65e5\u6700\u5927\u8dcc\u5e45\u3002Brent \u4e0b\u632b\u7d04 2.5% \u81f3\u6bcf\u6876\u7d04 64.85 \u7f8e\u5143\uff0cWest Texas Intermediate \u540c\u6ed1\u7d04 2.5% \u81f3\u7d04 60.48 \u7f8e\u5143\u3002\u6b64\u4e00\u8d70\u52e2\u5728\u7f8e\u570b\u539f\u6cb9\u5eab\u5b58\u610f\u5916\u589e\u52a0 340 \u842c\u6876\u5f8c\u52a0\u901f\uff0c\u70ba\u81ea\u5341\u4e00\u6708\u4ee5\u4f86\u6700\u5927\u7684\u589e\u5e45\uff0c\u4f7f\u5e02\u5834\u518d\u5ea6\u50be\u5411\u4f9b\u7d66\u904e\u5269\u7684\u64d4\u6182\u3002<\/p>\n
\u4ea4\u6613\u54e1\u539f\u672c\u6e96\u5099\u8fce\u63a5\u4e2d\u6771\u5c40\u52e2\u5347\u7d1a\uff0c\u4f46\u5f97\u5230\u7684\u662f\u76f8\u53cd\u8a0a\u865f\u3002\u5ddd\u666e\u8868\u793a\u4f0a\u6717\u5c0d\u793a\u5a01\u8005\u7684\u93ae\u58d3\u5df2\u505c\u6b62\uff0c\u8655\u6c7a\u4e0d\u6703\u9032\u884c\uff0c\u6697\u793a\u4ed6\u53ef\u80fd\u66ab\u7de9\u52d5\u7528\u8ecd\u4e8b\u9078\u9805\u3002\u6b64\u756a\u8868\u8ff0\u525d\u9664\u4e86\u8207\u6ce2\u65af\u7063\u53ca\u970d\u723e\u6728\u8332\u6d77\u5cfd\u76f8\u95dc\u7684\u5373\u6642\u4f9b\u61c9\u4e2d\u65b7\u64d4\u6182\u3002\u7531\u65bc\u88ab\u8a8d\u70ba\u8655\u65bc\u98a8\u96aa\u4e2d\u7684\u6876\u6578\u6e1b\u5c11\uff0c\u5148\u524d\u70ba\u4e86\u4fdd\u8b77\u800c\u6ea2\u50f9\u8cb7\u5165\u7684\u8cc7\u91d1\u958b\u59cb\u64a4\u56de\u90a3\u4e9b\u907f\u96aa\u90e8\u4f4d\uff0c\u62c9\u4f4e\u4e86\u671f\u8ca8\u66f2\u7dda\u7684\u524d\u7aef\u3002\u4e0b\u8dcc\u7684\u901f\u5ea6\u51f8\u986f\u51fa\u8fd1\u671f\u53cd\u5f48\u6709\u591a\u5927\u7a0b\u5ea6\u662f\u5efa\u7acb\u5728\u5730\u7de3\u653f\u6cbb\u7126\u616e\u4e0a\uff0c\u800c\u975e\u9700\u6c42\u56de\u5347\u3002<\/p>\n
\u7f8e\u570b\u539f\u6cb9\u5eab\u5b58\u589e\u52a0 340 \u842c\u6876\uff0c\u5f37\u5316\u4e86\u5e02\u5834\u60c5\u7dd2\u7684\u8f49\u8b8a\u3002\u5728\u6578\u9031\u5eab\u5b58\u4e0b\u964d\u4e4b\u5f8c\uff0c\u51fa\u73fe\u9019\u9ebc\u5927\u7684\u589e\u5e45\u6e05\u695a\u63d0\u9192\u5e02\u5834\uff0c\u7149\u5ee0\u958b\u5de5\u7387\u3001\u51ac\u5b63\u9700\u6c42\u8207\u51fa\u53e3\u6d41\u91cf\u4ecd\u5728\u5c0b\u627e\u5e73\u8861\u3002\u82e5\u5eab\u5b58\u7e8c\u589e\uff0c\u66f2\u7dda\u53ef\u66f4\u6c7a\u5b9a\u6027\u5730\u8f49\u5411\u5347\u6c34\uff08contango\uff09\uff0c\u9f13\u52f5\u5132\u5b58\u4e26\u6291\u5236\u50f9\u683c\u53cd\u5f48\u3002\u5c0d\u5be6\u7269\u4ea4\u6613\u54e1\u800c\u8a00\uff0c\u5eab\u5b58\u4e0a\u5347\u524a\u5f31\u57fa\u5dee\u4e26\u964d\u4f4e\u5373\u671f\u53d6\u5f97\u6876\u6578\u7684\u8feb\u5207\u6027\u3002\u5c0d\u5b8f\u89c0\u57fa\u91d1\u4f86\u8aaa\uff0c\u5730\u7de3\u653f\u6cbb\u58d3\u529b\u7de9\u89e3\u8207\u5eab\u5b58\u5bec\u9b06\u7684\u7d44\u5408\u8db3\u4ee5\u4fc3\u4f7f\u4ed6\u5011\u6e1b\u78bc\u591a\u982d\u3002\u50cf USO \u9019\u985e\u8207\u77f3\u6cb9\u639b\u9264\u7684 ETF \u5728\u9019\u985e\u65e5\u5b50\u5e38\u898b\u8cc7\u91d1\u6d41\u51fa\uff1b\u5728\u8edf\u5316\u7684\u66f2\u7dda\u4e2d\u6efe\u52d5\u8fd1\u6708\u671f\u8ca8\u7684\u6a5f\u5236\u6703\u589e\u52a0\u984d\u5916\u8ce3\u58d3\u3002<\/p>\n
\u5e02\u5834\u5f9e\u83ef\u5e9c\u807d\u5230\u964d\u6eab\u8a0a\u606f\uff0c\u4f46\u5fb7\u9ed1\u862d\u7684\u5ba3\u50b3\u4ecd\u4e0d\u4e00\u81f4\u3002\u5ddd\u666e\u8aaa\u300c\u6bba\u622e\u5df2\u505c\u6b62\uff0c\u8655\u6c7a\u4e0d\u6703\u9032\u884c\u300d\uff0c\u4f46\u4f0a\u6717\u7576\u5c40\u5247\u8868\u793a\u4ed6\u5011\u6253\u7b97\u7e7c\u7e8c\u5c0d\u793a\u5a01\u8005\u9032\u884c\u5feb\u901f\u5be9\u5224\u8207\u8655\u6c7a\u3002\u9019\u7a2e\u6a21\u7cca\u6027\u5f88\u91cd\u8981\u3002\u8aa4\u5224\u98a8\u96aa\u3001\u5167\u90e8\u4e0d\u7a69\u64f4\u6563\u5230\u80fd\u6e90\u90e8\u9580\uff0c\u6216\u6d77\u4e8b\u4e8b\u6545\u7684\u98a8\u96aa\u4e26\u672a\u6d88\u5931\u3002\u4eca\u65e5\u7684\u62cb\u552e\u986f\u793a\u5c3e\u90e8\u98a8\u96aa\u6ea2\u50f9\u53ef\u4ee5\u8fc5\u901f\u6d88\u9000\uff1b\u82e5\u5730\u9762\u4e8b\u5be6\u6539\u8b8a\uff0c\u4e5f\u80fd\u540c\u6a23\u5feb\u901f\u56de\u5347\u3002\u5c0d\u65bc\u6d77\u7063\u822a\u884c\u7684\u904b\u8f38\u4fdd\u96aa\u8cbb\u3001\u6cb9\u8f2a\u6539\u9053\u8207\u51fa\u53e3\u88dd\u8f09\u7684\u8ac7\u8a71\u90fd\u5c07\u88ab\u5bc6\u5207\u95dc\u6ce8\uff0c\u4ee5\u5c0b\u627e\u4efb\u4f55\u986f\u793a\u6b64\u4e00\u5e73\u975c\u8106\u5f31\u7684\u8de1\u8c61\u3002<\/p>\n
\u6574\u9ad4\u66f2\u7dda\u96a8\u8457\u8fd1\u6708\u6876\u8868\u73fe\u4e0d\u53ca\u800c\u8da8\u5e73\u3002\u9019\u901a\u5e38\u53cd\u6620\u4e86\u7a00\u7f3a\u6027\u5b9a\u50f9\u6e1b\u5c11\u8207\u5c0d\u8fd1\u671f\u4e2d\u65b7\u6a5f\u7387\u7684\u91cd\u65b0\u8a55\u4f30\u3002\u5728\u9078\u64c7\u6b0a\u65b9\u9762\uff0c\u7576\u5730\u7de3\u653f\u6cbb\u982d\u689d\u51b7\u537b\u6642\uff0c\u96b1\u542b\u6ce2\u52d5\u7387\u8207\u4e0b\u884c\u504f\u659c\u5f80\u5f80\u7de9\u548c\uff0c\u964d\u4f4e\u4fdd\u8b77\u6210\u672c\u4e26\u6253\u64ca\u9806\u52e2\u591a\u982d\u3002\u90a3\u4e9b\u505a\u7a7a\u4e0b\u884c\u9078\u64c7\u6b0a\u7684\u4ea4\u6613\u5546\u5c0d\u6c96\u58d3\u529b\u6e1b\u8f15\uff0c\u4fee\u526a\u6389\u6703\u653e\u5927\u8dcc\u5e45\u7684 delta \u5c0d\u6c96\u6d41\u3002\u9019\u4e9b\u4e26\u4e0d\u8868\u793a\u9700\u6c42\u5d29\u6f70\uff1b\u800c\u662f\u5f9e\u982d\u689d\u9a45\u52d5\u7684\u6ea2\u50f9\u56de\u6b78\u5230\u57fa\u672c\u9762\u7684\u4e00\u6b21\u91cd\u5b9a\u50f9\u3002\u82e5 Brent \u8fd1\u6708\u5dee\u50f9\u6301\u7e8c\u6536\u7a84\uff0c\u5c07\u78ba\u8a8d\u6b64\u6ce2\u8d70\u52e2\u4e0d\u50c5\u50c5\u662f\u55ae\u65e5\u6d17\u76e4\u3002<\/p>\n
\u80fd\u6e90\u751f\u7522\u5546\u904e\u53bb\u662f\u6cb9\u50f9\u98a8\u96aa\u6ea2\u50f9\u7684\u53d7\u76ca\u8005\u3002\u57fa\u6e96\u50f9\u683c\u56de\u843d\u901a\u5e38\u6703\u58d3\u6291\u4e00\u9ad4\u5316\u5927\u578b\u516c\u53f8\u8207\u52d8\u63a2\u8207\u751f\u7522\u985e\u80a1\uff0c\u540c\u6642\u56e0\u5229\u5dee\u6539\u5584\u800c\u76f8\u5c0d\u63d0\u632f\u7149\u6cb9\u5ee0\u3002\u8f03\u5ee3\u6cdb\u7684\u5b8f\u89c0\u89e3\u8b80\u5f88\u76f4\u63a5\uff1a\u6cb9\u50f9\u8d70\u4f4e\u5728\u908a\u969b\u4e0a\u58d3\u6291\u7e3d\u9ad4\u901a\u81a8\u9810\u671f\uff0c\u9019\u53ef\u7de9\u89e3\u5c0d\u901a\u81a8\u654f\u611f\u90e8\u9580\u7684\u58d3\u529b\uff0c\u4e26\u53ef\u80fd\u62c9\u4f4e\u516c\u50b5\u7684 breakeven\u3002\u5c0d\u5229\u7387\u89c0\u5bdf\u8005\u800c\u8a00\uff0c\u8f03\u4fbf\u5b9c\u7684\u80fd\u6e90\u6e1b\u5c11\u4e86\u50f9\u683c\u518d\u52a0\u901f\u7684\u53ef\u80fd\u6027\uff0c\u5118\u7ba1 Fed \u50be\u5411\u5ffd\u8996\u77ed\u671f\u5546\u54c1\u6ce2\u52d5\u3002\u4e0d\u904e\uff0c\u95dc\u6ce8 CL \u8207 BZ \u671f\u8ca8\u7684\u4ea4\u6613\u54e1\u4e5f\u6703\u6383\u63cf XLE \u7684\u8868\u73fe\uff0c\u4ee5\u78ba\u8a8d\u6b64\u4e00\u8d70\u52e2\u662f\u5426\u5df2\u5728\u6574\u500b\u80fd\u6e90\u8907\u5408\u9ad4\u4e2d\u88ab\u6298\u50f9\u3002<\/p>\n
\u5728\u6230\u722d\u6ea2\u50f9\u6d88\u9000\u4e14\u7f8e\u570b\u5eab\u5b58\u4e0a\u5347\u7684\u60c5\u6cc1\u4e0b\uff0cOPEC-plus \u751f\u7522\u570b\u9762\u81e8\u719f\u6089\u7684\u6289\u64c7\uff1a\u4ee5\u7d00\u5f8b\u6027\u6e1b\u7522\u4fdd\u885b\u50f9\u683c\uff0c\u6216\u5bb9\u5fcd\u8f03\u75b2\u5f31\u7684\u50f9\u683c\u4ee5\u4fdd\u8b77\u5e02\u5360\u3002\u6c99\u70cf\u5730\u963f\u62c9\u4f2f\u5df2\u5728\u81ea\u9858\u6e1b\u7522\u4e0a\u80a9\u8ca0\u8f03\u591a\u8cac\u4efb\uff1b\u82e5 Brent \u9010\u6b65\u9760\u8fd1 60 \u7f8e\u5143\u4f4e\u4f4d\uff0c\u5c07\u589e\u52a0\u5c0d\u66f4\u5f37\u786c\u7684\u9075\u5b88\u5ea6\u6216\u5ef6\u9577\u9650\u7522\u4ee5\u7a69\u5b9a\u5e95\u90e8\u7684\u58d3\u529b\u3002\u4fc4\u7f85\u65af\u7684\u51fa\u8ca8\u8207\u5b63\u7bc0\u6027\u6aa2\u4fee\u6392\u7a0b\u4f7f\u60c5\u6cc1\u66f4\u8907\u96dc\u3002\u96c6\u5718\u5916\u7684\u5eab\u5b58\u72c0\u6cc1\u5c07\u6307\u5f15\u4e0b\u4e00\u6b65\u52d5\u4f5c\u3002\u82e5\u7f8e\u570b\u8207 OECD \u7684\u5eab\u5b58\u6301\u7e8c\u6500\u5347\uff0c\u8a72\u96c6\u5718\u7684\u8a0a\u606f\u9762\u5c07\u66f4\u5177\u5f71\u97ff\u529b\uff0c\u5c24\u5176\u5728\u4e9e\u6d32\u9700\u6c42\u6210\u9577\u7a69\u5b9a\u4f46\u4e0d\u7a81\u51fa\uff0c\u4e14\u7149\u5ee0\u6aa2\u4fee\u5b63\u7bc0\u5c07\u81f3\u7684\u60c5\u6cc1\u4e0b\u3002<\/p>\n
\u6280\u8853\u9762\u4e0a\uff0cWTI \u7684 60 \u7f8e\u5143\u95dc\u5361\u662f\u8da8\u52e2\u8ffd\u8e64\u8005\u8207\u7cfb\u7d71\u5316\u7b56\u7565\u95dc\u6ce8\u7684\u5fc3\u7406\u7dda\u3002\u82e5\u6301\u7e8c\u8dcc\u7834\uff0c\u53ef\u80fd\u89f8\u767c\u66f4\u591a\u7a0b\u5f0f\u8ce3\u76e4\u4e26\u4fc3\u4f7f\u5546\u54c1\u6307\u6578\u7de8\u5236\u8005\u9032\u884c\u91cd\u65b0\u8abf\u6574\u3002\u89c0\u5bdf Brent-WTI \u50f9\u5dee\u4ee5\u53d6\u5f97\u5c0d\u51fa\u53e3\u7d93\u6fdf\u6027\u7684\u7dda\u7d22\uff1b\u50f9\u5dee\u6536\u7a84\u6703\u58d3\u7e2e\u7f8e\u570b\u5916\u51fa\u8ca8\u91cf\u4e26\u5c07\u6876\u6578\u63a8\u56de\u58a8\u897f\u54e5\u7063\u6cbf\u5cb8\uff0c\u5f37\u5316\u5eab\u5b58\u589e\u52a0\u3002\u6642\u9593\u5dee\u5c07\u63ed\u793a\u5be6\u7269\u7dca\u4fcf\u662f\u5426\u5728\u56de\u6b78\u6216\u6d88\u9000\u3002\u5728\u6578\u64da\u9762\uff0c\u9031\u5ea6\u5eab\u5b58\u5370\u5237\u3001\u7149\u5ee0\u5229\u7528\u7387\u8207\u6210\u54c1\u6cb9\u5eab\u5b58\u5c07\u5b9a\u8abf\u3002\u5728\u8cc7\u91d1\u6d41\u65b9\u9762\uff0c\u6ce8\u610f USO \u8207\u5176\u4ed6\u5546\u54c1\u57fa\u91d1\u662f\u5426\u51fa\u73fe\u5927\u91cf\u8d16\u56de\uff0c\u9019\u53ef\u80fd\u900f\u904e\u5c55\u671f\u6a5f\u5236\u5c0d\u8fd1\u6708\u5408\u7d04\u9020\u6210\u58d3\u529b\u3002<\/p>\n
\u4eca\u65e5\u7684\u8d70\u52e2\u662f\u5730\u7de3\u653f\u6cbb\u6a5f\u7387\u5728\u4e00\u500b\u770b\u8dcc\u5eab\u5b58\u9a5a\u559c\u4e0a\u65b9\u7684\u4e00\u6b21\u4e7e\u6de8\u91cd\u5b9a\u50f9\u3002\u9019\u4e26\u975e\u5c0d 2025 \u5e74\u9700\u6c42\u7684\u5b9a\u8ad6\uff0c\u4e5f\u4e0d\u662f\u4f9b\u61c9\u80fd\u529b\u7684\u7d50\u69cb\u6027\u8f49\u8b8a\u3002\u4f0a\u6717\u8b70\u984c\u4ecd\u5728\u8b8a\u5316\uff0c\u7f8e\u570b\u5eab\u5b58\u8ecc\u8de1\u4e5f\u53ef\u80fd\u56e0\u5929\u6c23\u3001\u7149\u5ee0\u958b\u5de5\u8207\u51fa\u53e3\u6642\u5e8f\u800c\u7ffb\u8f49\u3002\u76ee\u524d\u5e02\u5834\u544a\u8a34\u6211\u5011\u5373\u6642\u4e2d\u65b7\u98a8\u96aa\u5df2\u7de9\u548c\uff0c\u57fa\u672c\u9762\u53c8\u91cd\u65b0\u6210\u70ba\u4e3b\u5c0e\u3002\u82e5\u6b64\u4e00\u72c0\u614b\u6301\u7e8c\uff0c\u66f2\u7dda\u5c07\u8da8\u5e73\u3001\u6ce2\u52d5\u7387\u8d70\u4fbf\u5b9c\uff0c\u539f\u6cb9\u5c07\u4ee5\u5eab\u5b58\u8868\u73fe\u800c\u975e\u982d\u689d\u65b0\u805e\u4f86\u4ea4\u6613\u3002\u82e5\u60c5\u52e2\u6539\u8b8a\uff0c\u6230\u722d\u6ea2\u50f9\u53ef\u4ee5\u8fc5\u901f\u91cd\u5efa\u3002\u4ea4\u6613\u54e1\u770b\u904e\u9019\u90e8\u6232\u8a31\u591a\u6b21\uff0c\u6df1\u77e5\u5169\u689d\u8def\u90fd\u4ecd\u958b\u653e\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u6cb9\u50f9\u5927\u5e45\u4e0b\u632b\uff0c\u56e0Trump\u5c0d\u4f0a\u6717\u614b\u5ea6\u986f\u793a\u7336\u8c6b\uff0c\u518d\u52a0\u4e0a\u7f8e\u570b\u610f\u5916\u516c\u5e03\u539f\u6cb9\u5eab\u5b58\u589e\u52a0\uff0c\u5e02\u5834\u98a8\u96aa\u6ea2\u50f9\u8f49\u5411\u5c0d\u4f9b\u904e\u65bc\u6c42\u7684\u64d4\u6182\u3002<\/p>\n","protected":false},"author":48,"featured_media":587492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[801,568,1122],"class_list":["post-615077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","tag-801","tag-zh-hant-blog-tag-","tag-1122"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/615077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=615077"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/615077\/revisions"}],"predecessor-version":[{"id":615106,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/615077\/revisions\/615106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/587492"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=615077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=615077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=615077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}