宝城期货原油早报-20250801

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report [1][5] 2. Core View The report suggests that the domestic crude oil futures contract 2509 is expected to run weakly and maintain a volatile and slightly weak trend on Friday. In the short - term, it will be volatile, and in the medium - term, it will also be volatile [1][5] 3. Summary by Related Contents Price and Trend - The domestic crude oil futures 2509 contract slightly closed down 0.71% to 528.2 yuan/barrel on Thursday night. It is expected to maintain a volatile and slightly weak trend on Friday [5] Core Logic - Geopolitical risk premium increase is the main driving force for the recent oil price rebound. The Trump administration's tough stance on Russia may lead to restricted energy trade. While OPEC+ maintains the production increase plan for September, the actual supply growth may fall short of expectations. The peak summer demand season combined with tight inventories may support short - term oil prices [5] Time - cycle Views - For the crude oil 2509 contract, the short - term view is volatile, the medium - term view is volatile, and the intraday view is volatile and slightly weak with a reference view of weak operation [1][5]