宝城期货原油早报-20250728

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report The domestic crude oil futures contract 2509 is expected to run weakly, with short - term, medium - term, and intraday views being oscillation, oscillation, and oscillation - weak respectively [1][5]. 3) Summary by Related Content Market Situation - The domestic crude oil futures 2509 contract closed slightly lower by 1.32% to 501.9 yuan/ton on the night session of last Friday [5]. Driving Factors - Macro factors improved as the US and Europe reached a trade agreement last weekend, and China and the US will hold an economic and trade meeting in Sweden at the end of this month, leading to a recovery in the risk appetite of the commodity market [5]. - The sharp decline of black commodities on last Friday weakened the bullish atmosphere in the commodity futures market and increased the bearish sentiment. Currently, the supply - demand structure of the crude oil market is strong on both sides, and macro sentiment is dominant [5]. Forecast - It is expected that the domestic crude oil futures 2509 contract will maintain an oscillation - weak trend on Monday this week [5].