Citic Securities: Oil prices will continue to fluctuate at high levels in the short term.

CITIC Securities research report pointed out that with the United States joining the attack on Iran's nuclear facilities, the situation in the Middle East is further expanding. We expect oil prices to rise sharply, and in the short term, oil prices will continue to fluctuate at high levels. We will pay attention to whether the conflicts will further escalate and the operational conditions of crude oil infrastructure such as ports. Overall, in the short term, Brent crude oil futures prices are expected to break through $80 per barrel and further explore higher levels. We expect to see fluctuations in the range of $70-100 per barrel. If demand is lower than expected and OPEC+ continues to increase production, the center will gradually shift downwards.