建信期货原油日报-20250724

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - In the context of the peak season, crude oil consumption may be lower than expected, and oil prices are likely to move sideways in the short term. It is necessary to continue to monitor consumption and Saudi Arabia's supply changes [7] 3. Summary by Directory 3.1行情回顾与操作建议 - Market Quotes: WTI closed at $65.45 per barrel, down 0.76%; Brent closed at $68.67 per barrel, down 0.78%; SC closed at 503.7 yuan per barrel, down 0.57%. API data showed that as of the week ending on the 18th, U.S. crude oil inventories decreased by 575,000 barrels week - on - week, but gasoline inventories increased significantly, causing oil prices to fall again [6] - Supply and Demand Analysis: The three major institutions' July reports showed little adjustment on the demand side. On the supply side, most OPEC countries completed compensatory production cuts, but there were differences in the estimates of Saudi Arabia's oil production. High - frequency data indicated that U.S. refined oil consumption was slightly lower than expected [7] 3.2 行业要闻 - The IEA stated that global LNG supply will see the largest increase since 2019 next year. The U.S. Energy Information Administration reported that the U.S. has become a net exporter of crude oil to Nigeria for the first time [10] 3.3 数据概览 - The report presents multiple data charts, including global high - frequency crude oil inventories, WTI fund positions, U.S. crude oil production growth rate, and EIA crude oil inventories [11][14]