建信期货原油日报-20250418

Report Information - Report Title: Crude Oil Daily [1] - Date: April 18, 2025 [2] Industry Investment Rating - Not provided Core Viewpoints - In the context of the trade war, the market has a pessimistic outlook on crude oil demand, and it is difficult for oil prices to have room for a trending increase. Oil prices are highly susceptible to significant fluctuations from news. Consider buying call options and setting timely profit - taking. The SC crude oil futures are relatively strong due to sanctions [7] Section Summaries 1. Market Review and Operation Suggestions - Market Review: WTI's opening price was $60.96, closing at $61.94, with a high of $62.31, a low of $59.87, a gain of 1.96%, and a trading volume of 26.78 million lots. Brent's opening price was $64.03, closing at $65.04, with a high of $65.43, a low of $63, a gain of 1.82%, and a trading volume of 27.79 million lots. SC's opening price was 476.2 yuan/barrel, closing at 482.7 yuan/barrel, with a high of 487.8 yuan/barrel, a low of 473.9 yuan/barrel, a gain of 2.31%, and a trading volume of 14.99 million lots [6] - News Impact: On the evening of April 16, the US Treasury announced new sanctions on Iran's energy sector, affecting a refinery in Shandong. During the Iran - nuclear deal negotiations, the US continued to pressure Iran, and Iran's attitude was tough, with a low probability of reaching an agreement. OPEC received an updated compensatory production cut plan on April 16, reducing supply after May and an average of 72,000 barrels per day by the end of 2025. After the update, the new supply in May decreased to 33,000 barrels per day [6] - Operation Suggestions: Buy call options and set timely profit - taking [7] 2. Industry News - OPEC received updated compensatory production cut plans from eight countries, reducing oil production by 305,000 barrels per day until June 2026 [8] - Iraq plans to cut crude oil exports by 70,000 barrels per day in April [8] - Fitch lowered its 2025 Brent crude oil price forecast by $5 to $65 per barrel and maintained its natural gas price forecast [8] - The US Treasury announced new sanctions targeting Iranian oil tankers, and the US Treasury Secretary said the US is ready to reduce Iran's energy exports to zero [8] 3. Data Overview - Multiple data charts are provided, including global high - frequency crude oil inventories, WTI and Brent fund positions, various spot prices, US crude oil production growth rate, and EIA crude oil inventories [10][11][21]