宝城期货原油早报-20251027

Report Summary 1. Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2. Report's Core View - The domestic crude oil futures contract 2512 is expected to maintain a slightly bullish and volatile trend on Monday. The market sentiment is a bit bullish, but the macro and industrial factors in the crude oil market still remain weak [1][5]. 3. Summary by Relevant Content Price and Trend - The short - term view of crude oil 2512 is volatile, the medium - term view is weakly volatile, and the intraday view is slightly bullish, with a reference view of bullish operation [1]. - On the night of last Friday, the domestic crude oil futures 2512 contract maintained a volatile and stable trend, with the futures price slightly rising 0.30% to 467.6 yuan/barrel [5]. Driving Factors - The macro - bearish sentiment has weakened as US President Trump actively sent signals to ease the situation, and the positive signals from the China - US economic and trade talks over the weekend have further improved the macro sentiment [5]. - 8 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 geopolitical situation in the Middle East has shown signs of easing, and the "war premium" that previously supported oil prices has faded [5].