建信期货原油日报-20250829

Report Information - Report Name: Crude Oil Daily [1] - Date: August 29, 2025 [2] Investment Rating - No investment rating information provided. Core View - The overall consumption in the US during the peak season this year is weak, and the market has digested the expected interest - rate cut in the US to some extent. There is no driving force for oil prices currently. It is expected that oil prices will continue to fluctuate and build a bottom, and may decline again in the medium term [6]. Summary by Directory 1. Market Review and Operation Suggestions - Market Review: WTI's opening price was $63.31, closing at $63.86, with a high of $64.23, a low of $62.95, a daily increase of 0.96%, and a trading volume of 17.84 million hands. Brent's opening price was $66.85, closing at $67.20, with a high of $67.51, a low of $66.37, a daily increase of 0.75%, and a trading volume of 32.39 million hands. SC's opening price was 482.5 yuan/barrel, closing at 481.7 yuan/barrel, with a high of 483.6 yuan/barrel, a low of 478.4 yuan/barrel, a daily decrease of 0.97%, and a trading volume of 9.34 million hands [6]. - Analysis: As of the week ending on the 22nd, the inventories of crude oil and refined oil in the US decreased, which supported oil prices to some extent. However, the US peak travel season is coming to an end, and the refinery operating rate has slightly decreased. There may be insufficient positive factors for oil prices in the later period. Even with lower gasoline prices this summer compared to last year, consumption has not improved significantly [6]. 2. Industry News - Hungary's MOL: After the restart of the Druzhba pipeline, crude oil supplies have reached Hungary and Slovakia [7]. - White House Trade Advisor Navarro: India can get a 25% tariff discount if it stops buying Russian oil [7]. - Market news: Russia will extend the full - scale gasoline export ban until September [7]. - EIA report: Last week, the US imported about 74,000 barrels per day of crude oil from Venezuela, the first weekly import since July [7]. 3. Data Overview - Multiple data charts are presented, including global high - frequency crude oil inventories, WTI and Brent fund positions, Dtd Brent prices, WTI and Oman spot prices, US crude oil production growth rate, and EIA crude oil inventories. The data sources are Bloomberg, wind, CFTC, and EIA [9][11][19][22]