宝城期货原油早报-20250521

Report Summary of Crude Oil 1. Investment Rating No investment rating information is provided in the report. 2. Core View The domestic crude oil futures contract 2507 is expected to maintain a relatively strong trend on Wednesday, with a short - term and medium - term outlook of oscillation and an intraday view of upward movement [1][5]. 3. Summary by Relevant Information - Price and Movement - On Tuesday night, the domestic crude oil futures 2507 contract slightly rose 0.69% to 467.8 yuan/barrel [5]. - News that Israel is preparing to attack Iranian nuclear facilities caused international oil prices to jump 3% on Wednesday morning [5]. - Driving Factors - Positive factors: The "gray rhino" effect of the approaching US debt crisis in June may trigger a new round of negative macro - impacts. OPEC+ oil - producing countries are accelerating the pace of production increase, and the expected demand for crude oil is weak. However, geopolitical risks in the Middle East have increased again due to the decreasing expectation of the US - Iran nuclear negotiation and the news of Israel's potential attack on Iranian nuclear facilities [5]. - Negative factors: Although Sino - US economic and trade relations have made substantial progress and the macro - factors have turned optimistic [5].