石油ETF（561360）近20日资金净流入超5.4亿元，油价有望见底上探

Group 1 - The oil ETF (561360) has seen a net inflow of over 540 million yuan in the past 20 days, indicating a potential bottoming out and rebound in oil prices [1] - Huatai Securities suggests that geopolitical premiums have led to a seasonal bottoming rebound in oil prices, with expectations for oil prices to rise in Q2 to Q3 of 2026 due to demand recovery and global inventory accumulation [1] - The forecast for the average price of Brent crude oil in 2026 has been raised to 65 USD per barrel, with a long-term price support level around 60 USD per barrel due to the "more profit than quantity" demand from major oil-producing countries and marginal costs [1] Group 2 - The International Energy Agency (IEA) has raised its forecast for global oil demand growth for 2025/2026, with continued recovery in petrochemical feedstock demand and jet fuel leading the growth in fuel products, particularly from non-OECD countries contributing to the entire increment in 2026 [1] - Geopolitical tensions continue to disrupt global crude oil supply, with risks of supply gaps if tensions escalate and affect transportation through the Strait of Hormuz [1] - The oil ETF (561360) tracks the oil and gas industry index (H30198), which focuses on the performance of companies in the oil and gas sector, covering upstream exploration, midstream transportation, and downstream sales to reflect the market dynamics of the entire oil and gas industry chain [1]