宝城期货原油早报-20250625

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - The price of domestic crude oil futures contract 2508 is expected to run weakly and maintain a volatile and weak trend on Wednesday, June 26, 2025, due to the weakening of geopolitical factors [1][5]. 3. Summary by Related Catalogs 3.1 Time - Cycle Views - Short - term: The short - term view (within one week) for crude oil 2508 is a volatile trend [1]. - Medium - term: The medium - term view (two weeks to one month) for crude oil 2508 is a volatile trend [1]. - Intraday: The intraday view for crude oil 2508 is volatile and weak [1][5]. 3.2 Core Logic - The market's trading of geopolitical logic has weakened as US President Trump's comments indicated the end of the conflict between Iran and Israel, and then the two countries announced a formal cease - fire. Investors believe that the impact of Middle Eastern geopolitical factors on oil prices will not intensify further, and the geopolitical premium will decline. As a result, domestic and international crude oil futures prices have significantly corrected. On Tuesday night, the domestic crude oil futures 2508 contract fell 9.27% to 502.3 yuan/barrel [5].