原油：或延续强势，多单、正套轻仓持有

Report Title and Date - Report date: June 9, 2025 [1] - Report title: Crude Oil: Likely to Continue Strong, Hold Long Positions and Positive Spreads with Light Positions [2] Report Industry Investment Rating - Not provided Report's Core View - Crude oil is likely to continue its strong performance, and it is recommended to hold long positions and positive spreads with light positions [2] Summary by Related Catalogs International Crude Oil Prices - WTI July crude oil futures closed up $1.21 per barrel, or 1.91%, at $64.58 per barrel; Brent August crude oil futures closed up $1.13 per barrel, or 1.73%, at $66.47 per barrel; SC2507 crude oil futures closed up 8.00 yuan per barrel, or 1.71%, at 475.90 yuan per barrel [2] Market News and Data - From June 3, crude oil speculators increased their net long positions in WTI by 39,598 contracts to 106,755 contracts [3] - As of June 7, the date of the next round of Iran-US talks is undetermined, and Iran will respond to the US proposal in the next few days [3] - As of June 6, the total number of US oil rigs was 442, down from 461 in the previous period [3] - On June 6, the US imposed a new round of sanctions on Iran, targeting 10 individuals and 27 entities [3] - The US seasonally adjusted non-farm payrolls in May were 13.9 million (expected 13 million, previous 17.7 million), and the unemployment rate was 4.2% (expected 4.2%, previous 4.2%) [3] - The US Department of Transportation announced that Biden-era fuel economy regulations exceed legal authority [3] - HSBC Research expects OPEC+ to agree to significant production increases in August and September, with daily production increasing by 41,000 barrels and 274,000 barrels respectively. It is expected that by the end of 2025, the voluntary production cut of 2.2 million barrels per day will be fully lifted [3] - The revised annual GDP growth rate of the Eurozone in Q1 was 1.5% (expected 1.2%, previous 1.2%) [3] - Israel assured the US that it will not attack Iran unless the negotiations fail [3] - Hamas leaders are ready for a new round of ceasefire negotiations, and the ceasefire negotiations in Gaza are ongoing [3] Trend Intensity - The trend intensity of crude oil is 1, with a range of [-2, 2], where -2 indicates the most bearish and 2 indicates the most bullish [4]