建信期货原油日报-20250617

Group 1: General Information - Report title: Crude Oil Daily [1] - Report date: June 17, 2025 [2] - Research team: Energy and Chemical Research Team [4] Group 2: Market Review and Operation Suggestions - Market Review: WTI's opening price was $67.5, closing at $71.53, with a high of $74.63, a low of $67.11, a daily increase of 7.34%, and a trading volume of 66.91 million lots. Brent's opening price was $69.6, closing at $73.63, with a high of $75.30, a low of $69.42, a daily increase of 7.58%, and a trading volume of 103.34 million lots. SC's opening price was 539.4 yuan/barrel, closing at 541.6 yuan/barrel, with a high of 553.6 yuan/barrel, a low of 532.5 yuan/barrel, a daily increase of 5.43%, and a trading volume of 22.83 million lots [6] - Core View: Tensions between Israel and Iran continue, but energy infrastructure has not been significantly affected. In the short term, due to OPEC+ actual production increase being lower than expected, the start of the peak travel season in Europe and the United States, and rising geopolitical tensions, oil prices may continue to rise. In the medium term, the balance sheet indicates inventory accumulation, and if geopolitical tensions ease without a substantial supply disruption, oil prices may fall again [6] Group 3: Industry News - Iran's parliament is preparing a bill to withdraw from the Nuclear Non-Proliferation Treaty [7] - In May, the output of crude oil in industrial enterprises above designated size was 18.47 million tons, a year-on-year increase of 1.8%, 0.3 percentage points faster than in April, with a daily output of 596,000 tons. From January to May, the output was 90.28 million tons, a year-on-year increase of 1.3%. The decline in crude oil processing deepened [7] - Goldman Sachs still expects no disruption to Middle Eastern oil supply [7] Group 4: Data Overview - The report presents multiple data charts, including global high-frequency crude oil inventory, WTI and Brent fund positions, Dtd Brent price, WTI and Oman spot prices, U.S. crude oil production growth rate, and EIA crude oil inventory [9][10][17][22]