原油：正套持有，关注美对俄能源制裁

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - Hold long positions in the positive spread of crude oil and pay attention to US sanctions on Russian energy [1] - The trend strength of crude oil is neutral [4] 3. Summary by Relevant Catalogs International Crude Oil Prices - WTI September crude oil futures closed down $0.47/barrel, a decline of 0.73%, at $63.88/barrel; Brent October crude oil futures closed down $0.46/barrel, a decline of 0.69%, at $66.43/barrel; SC2509 crude oil futures closed down 7.20 yuan/barrel, a decline of 1.43%, at 497.10 yuan/barrel [1] Geopolitical News - On August 7, Ukrainian President Zelensky had phone calls with leaders of several European countries to discuss the Russia-Ukraine situation. Italian Prime Minister Meloni called Trump, Zelensky and UAE President Mohammed, and called on Russia and Ukraine to reach a ceasefire agreement [2] - The US Treasury Department issued new sanctions against Iran targeting several individuals and entities [2] Market Supply and Demand - Due to pressure from the US and the EU on Russian oil buyers, the price of Russia's main oil exports to India has a discount. Indian state - owned refineries may suspend imports, while private enterprises are slowing down purchases. The price of Urals crude oil is more than $5/barrel cheaper than the North Sea crude oil price index [2] - As of the week ending August 6, Singapore's fuel oil inventory rose by 1.651 million barrels to a 33 - week high of 26.319 million barrels [2] - There are currently no signs of the restart of oil exports through the Turkish Ceyhan pipeline [2] - After a refinery was attacked by drones, Russia plans to increase its oil exports to the West to nearly 2 million barrels per day in August [2] Policy and Political News - The US decided to impose a 25% new tariff on Indian goods, and Indian refineries are waiting for government instructions on whether to continue buying Russian oil [3] - Trump's advisors are looking for a successor to Powell, and Fed Governor Waller is becoming a leading candidate for Fed Chairman [2] Inflation Data - The 1 - year inflation expectation of the US New York Fed in July was 3.09%, compared with a previous value of 3.02% [2] Meeting Information - Putin said that the UAE is a suitable place for a meeting with Trump, and he doesn't mind meeting Zelensky [2]