宝城期货原油早报-2025-10-14：品种晨会纪要-20251014

Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View The report predicts that the domestic crude oil futures contract 2512 will maintain a weak and volatile trend. Although the macro - bearish sentiment has weakened due to Trump's signal, both macro and industrial factors in the crude oil market remain weak. The OPEC+ production increase and the easing of the Middle East geopolitical situation contribute to this outlook [5]. 3. Summary by Relevant Catalog Price and Market Outlook - The short - term, medium - term, and intraday views of crude oil 2512 are all weak, with a reference view of weak operation [1][5]. - On Tuesday night, the domestic crude oil futures 2512 contract slightly stabilized and closed up 0.02% to 453.8 yuan/barrel, and it is expected to maintain a weak and volatile trend on Tuesday [5]. Market Driving Factors - The macro - bearish sentiment has weakened as Trump released a signal to ease the situation, but the macro and industrial factors in the crude oil market remain weak [5]. - Eight OPEC+ oil - producing countries decided to increase production by 137,000 barrels per day in November, increasing the supply pressure in the oil market [5]. - The Middle East geopolitical situation has shown signs of easing, and the "war premium" that previously supported oil prices has faded [5].