大宗商品综述：原油五连涨 伦铜首次突破1.2万美元 金银再创历史新高

Oil Market - Crude oil prices have risen for five consecutive days, with WTI increasing by 0.6% to settle above $58 per barrel, while Brent surpassed $62 per barrel. Investors are weighing the impact of the U.S. crackdown on Venezuelan oil exports against weak demand [2][10] - The U.S. has inspected one oil tanker, seized another, and is pursuing a third near Venezuela to pressure the Maduro government. Venezuela's oil exports account for less than 1% of global supply, but the revenue is crucial for the Maduro administration [3][11] - WTI has dropped approximately 19% this year, heading towards its largest annual decline since 2020. Market supply is expected to remain ample even if Venezuelan exports decrease significantly in the short term [4][12] Base Metals - Copper prices have surpassed $12,000 per ton for the first time, driven by mine shutdowns and trade disruptions caused by U.S. tariffs. Copper rose over 35% this year, potentially marking the largest annual increase since 2009 [5][13] - The possibility of U.S. tariffs on copper has been a key factor in driving prices up, with a surge in U.S. imports forcing manufacturers in other regions to compete for supply [14] Precious Metals - Gold and silver have reached record highs, influenced by geopolitical tensions and expectations of further U.S. interest rate cuts. Silver rose 3.6% to surpass $70 per ounce, while gold approached $4,500 per ounce [7][16] - The appeal of gold as a safe-haven asset has increased amid escalating geopolitical risks, particularly concerning Venezuela [7][16]