宝城期货原油早报-2025-10-23：品种晨会纪要-20251023

Group 1: Report Investment Rating - There is no clear report industry investment rating provided in the content [1][5] Group 2: Core Viewpoints - The short - term view of crude oil 2512 is weak, the medium - term view is weak, the intraday view is strong, and the overall is expected to run strongly with an increasing bullish atmosphere [1] - The intraday view of crude oil (SC) is strongly volatile, the medium - term view is weakly volatile, and it is expected to run strongly. The domestic crude oil futures 2512 contract may maintain a strongly volatile trend on Thursday [5] Group 3: Summary by Core Logic - The macro - bearish sentiment has weakened as US President Trump actively released a signal to ease the situation. However, the macro and industrial factors in the crude oil market still maintain a weak pattern [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] - After the previous weak macro - factors were corrected and the geopolitical risks in South America became prominent, crude oil futures regained premium support [5] - On Wednesday night, the domestic crude oil futures 2512 contract maintained a strongly volatile trend, with the futures price rising slightly by 1.65% to 449.1 yuan per barrel [5]