建信期货原油日报-20250822

Report Information - Report Title: Crude Oil Daily Report [1] - Date: August 22, 2025 [2] - Research Team: Energy and Chemical Research Team [4] Industry Investment Rating - Not provided Core Viewpoints - EIA data shows that as of the week ending on the 15th, US crude oil and gasoline inventories declined more than expected, causing oil prices to rebound from the bottom [6] - The US is arranging a summit among the leaders of the US, Russia, and Ukraine. Although the meeting between the US and Russian leaders has not achieved substantial progress, Trump said the talks were "very smooth" after the meeting, and the US will not impose further sanctions on Russia for the time being, improving bilateral relations [6] - Fundamentally, as of the week ending on the 8th, US gasoline consumption rebounded. After five consecutive weeks of lower consumption than in 2024, the growth rate barely turned positive. Consumption was still weak despite lower gasoline prices, and this year's peak travel season consumption in the US was lower than expected. The actual performance of refined oil consumption is not optimistic. The peak travel season is coming to an end, and demand support is limited [7] - Oil prices are bottoming out in the short term. Long positions should be flexibly stopped for profit, and prices may decline again under inventory pressure in the medium term [7] Summary by Section 1. Market Review and Operation Suggestions - Market Data: WTI's opening price was $65.59, closing at $66.53, with a high of $66.54, a low of $65.31, a rise of 1.88%, and a trading volume of 26.37 million lots. Brent's opening price was $61.95, closing at $62.84, with a high of $63.01, a low of $61.83, a rise of 1.73%, and a trading volume of 26.54 million lots. SC's opening price was 483.9 yuan/barrel, closing at 490.9 yuan/barrel, with a high of 491.0 yuan/barrel, a low of 483.2 yuan/barrel, a rise of 1.85%, and a trading volume of 11.62 million lots [6] - Operation Suggestion: Short - term bottoming, flexible stop - profit for long positions; medium - term potential decline under inventory pressure [7] 2. Industry News - India will continue to buy Russian oil despite US pressure. The foreign ministers of Russia and India will discuss strengthening strategic partnership in Moscow on August 21 [8] - Iran's Foreign Minister said that Iran has not reached a mature stage for "effective" nuclear negotiations with the US [8] 3. Data Overview - The report presents multiple data charts, including global high - frequency crude oil inventory, WTI and Brent fund positions, spot prices of WTI and Oman, US crude oil production growth rate, and EIA crude oil inventory, with corresponding data sources provided [10][12][20][23]