宝城期货原油早报-20250729

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report - The report predicts that the domestic crude oil futures 2509 contract will maintain a volatile and slightly bullish trend. The geopolitical risks and improved macro - factors have led to a recovery in risk appetite in the commodity market, causing the oil price to jump. The domestic crude oil closed up 2.06% to 515.9 yuan/barrel on the night session of Monday this week, and it is expected to remain volatile and slightly bullish on Tuesday [1][5]. 3) Summary by Related Catalogs A. Time - based Viewpoints - Short - term: The short - term view of crude oil 2509 is volatile [1]. - Medium - term: The medium - term view of crude oil 2509 is volatile, and the medium - term view of crude oil (SC) is also volatile [1][5]. - Intraday: The intraday view of crude oil 2509 is volatile and slightly bullish, and the intraday view of crude oil (SC) is also volatile and slightly bullish [1][5]. B. Core Logic - Geopolitical risks have emerged, and the geopolitical factor is that the US President Trump's remarks about being disappointed with Russian President Putin and shortening the deadline became the focus of the crude oil futures market, causing the oil price to jump [1][5]. - Macro - factors have improved. 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, which led to a recovery in risk appetite in the commodity market [5].