宝城期货原油早报-20250829
Bao Cheng Qi Huo·2025-08-29 02:22
- Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - The short - term, medium - term, and intraday views of crude oil 2510 are "oscillation", "oscillation", and "oscillation with a weak bias" respectively, and it is expected to operate weakly [1]. - Due to slow demand growth and a surge in supply, the global crude oil market is expected to face a record supply glut next year. Although the IEA has raised the global crude oil demand data for this year and next, the demand growth rate has declined. The bearish fundamentals are dominant, and the domestic crude oil futures 2510 contract may maintain a weakly oscillating trend on Friday [5]. 3. Summary by Relevant Catalog 3.1 Variety Morning Meeting Summary | Variety | Short - term | Medium - term | Intraday | View Reference | Core Logic Summary | | --- | --- | --- | --- | --- | --- | | Crude oil 2510 | Oscillation | Oscillation | Oscillation with a weak bias | Weak operation | There are differences between bulls and bears, and crude oil oscillates weakly [1] | 3.2 Driving Logic of Main Variety Price Quotes - Energy and Chemical Sector of Commodity Futures - Core Logic: The IEA's energy outlook report shows that due to slow demand growth and a surge in supply, the global crude oil market will face a record supply glut next year. The demand growth rate has declined, and the crude oil inventory will accumulate at a rate of 2.96 million barrels per day, exceeding the average accumulation rate during the 2020 pandemic. The bearish fundamentals are dominant after the digestion of macro - bullish expectations [5]. - Market Performance: On Thursday night, the domestic crude oil futures 2510 contract maintained a weakly bullish oscillating trend, with the futures price rising slightly by 1.14% to 486.6 yuan/barrel, but the rebound was suppressed [5]. - Outlook: It is expected that the domestic crude oil futures 2510 contract will maintain a weakly oscillating trend on Friday [5].