宝城期货原油早报-20250904

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The domestic crude oil futures contract 2510 is expected to run weakly, showing a volatile and slightly weak trend in the short - term (within a week), medium - term (two weeks to a month), and intraday. The main reason is the increasing supply pressure as the market fears that OPEC+ oil - producing countries will expand oil production capacity again, which outweighs the geopolitical risk factors [1][5]. 3. Summary According to Relevant Catalogs Variety Morning Meeting Minutes - For the crude oil 2510 variety, the short - term view is "volatile", the medium - term view is "volatile", the intraday view is "volatile and slightly weak", and the reference view is "running weakly". The core logic is the expected increase in supply leading to a volatile and slightly weak trend [1]. Main Variety Price and Market Driving Logic - Commodity Futures Energy and Chemicals Sector - The intraday view of crude oil (SC) is "volatile and slightly weak", the medium - term view is "volatile", and the reference view is "running weakly". Due to concerns about OPEC+ expanding production capacity, supply pressure has increased, overshadowing geopolitical risks. On Wednesday night, the domestic crude oil futures 2510 contract closed down 1.67% to 483.6 yuan/barrel, and it is expected to maintain a volatile and slightly weak trend on Thursday [5].