宝城期货原油早报-20250620

Report Summary 1. Report Industry Investment Rating - Not mentioned in the report 2. Report's Core View - The crude oil market is expected to run strongly in the short - term, with the SC2508 contract showing an upward trend, and will be in a volatile state in the medium - term. The intraday view is that it will be volatile and biased towards strength [1][5]. 3. Summary by Related Content Price and Market Performance - The domestic crude oil futures 2508 contract closed up 2.77% to 574.5 yuan/barrel on Thursday night [5]. Market Outlook - The domestic crude oil futures 2508 contract is expected to maintain a volatile and biased - towards - strength trend on Friday [5]. Core Driving Logic - The conflict between Iran and Israel has continued to escalate this week, with missile attacks on energy facilities, increasing the premium of energy - chemical commodities. The presence of the US three - aircraft - carrier fleet and military support from other countries in the Middle East has increased the risk of conflict expansion [5]. - Merchant ships and oil tankers passing through the Strait of Hormuz have faced increasing electronic interference, with an oil tanker collision near the strait, potentially disrupting crude oil transportation and expanding the premium space due to geopolitical risks [5].