看好夏季需求高峰，巴以和谈顺利进行

Investment Rating - The report maintains an optimistic outlook on the oil industry, particularly regarding the summer demand peak and geopolitical developments [1][3]. Core Insights - The EIA reported a larger-than-expected decrease in crude oil inventories by 3.4 million barrels, indicating a positive trend for summer oil demand in the U.S. [1][2] - OPEC forecasts a global oil demand increase of 2.25 million barrels per day in 2024, while the IEA has slightly downgraded its expectations to an increase of 0.97 million barrels per day [3]. - The ongoing peace talks between Israel and Palestine are contributing to a reduction in geopolitical risk premiums, which may exert downward pressure on oil prices [3]. Summary by Sections Oil Inventory and Demand - As of July 5, U.S. strategic oil inventories stood at 373.1 million barrels, with commercial oil inventories at 1,285.7 million barrels, reflecting a 2.7 million barrel increase from the previous week [2]. - The average refinery utilization rate reached 95.4%, with crude oil input averaging 17.1 million barrels per day [2]. Price Trends - Brent crude oil closed at $85.03, while WTI crude oil closed at$82.21, both showing slight declines over the past five trading days [2]. Geopolitical Factors - The progress in the Israel-Palestine negotiations is seen as a factor that could stabilize oil prices by reducing risk premiums [3]. Companies to Watch - The report highlights potential investment opportunities in companies such as China Petroleum (857.HK), CNOOC (883.HK), ExxonMobil (XOM.US), and Chevron (CVX.US) [3].