原油：多单加空远月保护，关注美对俄能源制裁

Report Summary Report Industry Investment Rating - Not provided Core Viewpoints - The report presents various news and data related to the international crude oil market, including price movements, geopolitical events, inventory changes, and production and demand forecasts. It suggests a strategy of adding long positions and using short positions in far - month contracts for protection, while also highlighting the need to monitor US sanctions on Russian energy [4]. Detailed Summaries Market Prices - On August 7, 2025, WTI September crude oil futures closed down $0.81/barrel, a 1.24% decline, at $64.35/barrel; Brent October crude oil futures closed down $0.75/barrel, a 1.11% decline, at $66.89/barrel; SC2509 crude oil futures closed down 6.20 yuan/barrel, a 1.23% decline, at 498.00 yuan/barrel [1] - The UAE's ADNOC set the official selling price of Murban crude for September at $71.12 per barrel [4] - Saudi Arabia raised the official selling price (OSP) of Arab Light crude for September to Asia, the US, and Northwest Europe compared to August [4] Geopolitical Events - US President Trump said gasoline prices would be below $2 per gallon and there was a high possibility of a summit with Zelensky and Putin, though the location was undetermined [4] - The White House stated that Russia had expressed a desire to meet with Trump, and Trump was willing to meet with Putin and Zelensky [4] - US secondary sanctions on Russia are expected to be implemented on Friday [2] Inventory Data - US EIA data for the week ending August 1 showed that the crude oil inventory in Cushing, Oklahoma was 45.3 million barrels, down from the previous value of 69 million barrels [3] - For the week ending August 1, US commercial crude inventories (excluding strategic reserves) decreased by 302.9 million barrels to 424 million barrels, a 0.71% decline; strategic petroleum reserve (SPR) inventory increased by 23.5 million barrels to 403 million barrels, a 0.06% increase [4] - As of August 4, the total refined oil inventory at the Fujairah Port in the UAE was 1907.2 million barrels, an increase of 202.4 million barrels from the previous week [4] Production and Export Data - For the week ending August 1, US crude oil exports increased by 620,000 barrels per day to 3.318 million barrels per day, while domestic crude oil production decreased by 30,000 barrels to 13.284 million barrels per day [4] - The four - week average supply of US refined oil products was 20.616 million barrels per day, a 1.61% increase compared to the same period last year [4] - For the week ending August 1, US commercial crude imports (excluding strategic reserves) were 5.962 million barrels per day, a decrease of 174,000 barrels per day from the previous week [4] Demand Forecast - Saudi Aramco's CEO expects oil demand to grow by 1.1 to 1.3 million barrels per day this year, likely closer to the upper end of the range [4] Trend Intensity - The trend intensity of crude oil is 0, indicating a neutral stance, with the range of trend intensity being integers in the [- 2,2] interval [5]