原油：各类多配轻仓持有

Report Summary 1. Industry Investment Rating No information provided. 2. Core View The report presents the latest prices of international crude oil futures, analyzes the status of global benchmark crude oil, refined oil, and regional crude oil arbitrage, and reports key market news and trends in the crude oil market [1][2][3][6][7][10]. 3. Summary by Related Catalogs Global Benchmark Crude - Arab Extra, Arab Light, Nemba, and Agbami against WTI MEH all had closed arbitrage with negative spreads, indicating poor economic efficiency and competitiveness [2]. Refined Oil Arbitrage - Gasoline Route: The European - New York route was open with a profit of $1.06/bbl, while others like Mediterranean - New York and European - Mexico were closed [3]. - Diesel Route: Routes from USGC ULSD to NWE and Mediterranean were open, with profits of $1.1/bbl and $0.08/bbl respectively; some routes from the Arab Gulf had negative or narrow - profit situations [5]. - Aviation Fuel Route: Routes like Arab Gulf - Mediterranean were open with a profit of $1.05/bbl, while others such as Korea - USWC were closed [5]. US Gulf Crude Oil Arbitrage - Asian gasoline cracking spreads fluctuated, diesel cracking spreads were strong, jet fuel cracking spreads improved, and naphtha cracking spreads were negative but narrowing [6]. Northeast Asian Crude Oil Arbitrage - Freight rates for various routes such as AG - USGC, WAF - USGC, USGC - NWE, and AG - Singapore increased, reflecting increased demand and active transportation [7]. Key Market News - France's President Macron will meet with Iran's President to discuss restoring UN sanctions; Spain approved a "full - scale arms embargo" on Israel; Iran's Supreme Leader said no intention to produce nuclear weapons; there are concerns about restoring sanctions on Iran; US API crude and Cushing inventories changed; Russia may extend gasoline and discuss diesel export bans [10]. Crude Oil Trend Intensity The crude oil trend intensity was 1, indicating a neutral - to - slightly positive view [9].