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宝城期货原油早报-20250723
Bao Cheng Qi Huo·2025-07-23 01:32

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The crude oil 2509 contract is expected to run strongly, with short - term, medium - term, and intraday trends being oscillatory, oscillatory, and oscillatory and slightly stronger respectively [1][5]. - After a significant decline, the confidence of oil market bulls has increased again, and the geopolitical premium has rebounded. Although 8 major oil - producing countries decided to increase production by 548,000 barrels per day in August, exceeding market expectations, the negative impact of increased production is gradually being digested, and the room for further production expansion in the future is limited. The domestic crude oil futures 2509 contract may maintain an oscillatory and stable trend on Wednesday [5]. 3. Summary by Related Catalog 3.1 Variety Morning Meeting Minutes - For the crude oil 2509 contract, the short - term view is oscillatory, the medium - term view is oscillatory, and the intraday view is oscillatory and slightly stronger. The reference view is a strong operation, and the core logic is that there are differences between long and short positions, and crude oil is oscillating and stabilizing [1]. 3.2 Price Quotes and Driving Logic of Main Varieties - Commodity Futures Energy and Chemicals Sector - The intraday view of crude oil (SC) is oscillatory and slightly stronger, and the medium - term view is oscillatory. The reference view is a strong operation. After a significant decline, the confidence of oil market bulls has increased, and the geopolitical premium has rebounded. Despite the planned production increase in August, the negative impact is being digested, and future production expansion space is limited. On Tuesday night, domestic and international crude oil futures prices were oscillatory and slightly weaker. The domestic crude oil futures 2509 contract closed slightly lower by 0.55% at 503.8 yuan per barrel, and is expected to be oscillatory and stable on Wednesday [5].