宝城期货原油早报：地缘风险加大，原油震荡偏强-20250604

Report Summary 1) Report Industry Investment Rating No information provided on the industry investment rating 2) Core View of the Report The report predicts that the domestic crude oil futures contract 2507 will continue to show a volatile and slightly stronger trend on Wednesday [1][5] 3) Summary by Relevant Catalog Price Trends and Views - In the short - term (within a week), the crude oil 2507 contract is expected to be volatile; in the medium - term (two weeks to a month), it will also be volatile; and intraday, it is expected to be volatile and slightly stronger, with an overall view of a slightly stronger operation [1] Core Logic - As the US debt crisis approaches in June, the "gray rhino" effect may trigger a new round of negative macro - impacts. OPEC+ oil - producing countries are accelerating the production increase rhythm, with an additional increase of 411,000 barrels per day in July. It is speculated that the remaining voluntary production cuts of 2.2 million barrels per day may be completely cancelled by the end of October. Due to the escalation of the Russia - Ukraine conflict and increased geopolitical risks, international crude oil futures prices have risen slightly [5]