原油供需仍偏向过剩 期货盘面仍将继续偏弱运行

Group 1 - The domestic futures market for energy chemicals shows mixed performance, with crude oil futures experiencing a downward trend, closing at 441.5 yuan per barrel, down 2.10% from the previous session [1] - Analysts from Everbright Futures indicate that the commodity market is experiencing significant differentiation, with traditional energy prices continuing to decline due to a loose supply-demand balance, while safe-haven metals and resource commodities are gaining traction amid ample market liquidity [2] - Hualian Futures notes that despite high U.S. crude oil production and increased OPEC+ output, global oil inventories remain elevated, leading to an overall oversupply in the crude oil market, although geopolitical factors should be monitored closely [2] Group 2 - Ningzheng Futures highlights investor concerns over global supply surplus and the potential for a peace agreement between Ukraine and the U.S., which has contributed to a decline in international oil prices by over 2% [3] - The overall sentiment in the market remains bearish, with expectations that even if the Russia-Ukraine conflict is resolved, Russia will not significantly increase oil supply in the short term, adhering to OPEC+ targets [3]