原油：暂时空单持有，关注东北亚供应紧张对SC支撑

Report Summary 1. Industry Investment Rating No information on the industry investment rating is provided in the report. 2. Core View - Temporarily hold short positions in crude oil and pay attention to the support of supply tightness in Northeast Asia for SC crude oil [1] - The trend strength of crude oil is -1, indicating a relatively bearish view [9] 3. Summary by Directory International Crude Oil - WTI December crude oil futures closed down $1.16 per barrel, a decrease of 1.89%, at $60.15 per barrel - Brent December crude oil futures closed down $1.22 per barrel, a decrease of 1.86%, at $64.40 per barrel - SC2512 crude oil futures closed down 8.30 yuan per barrel, a decrease of 1.78%, at 458.10 yuan per barrel [1] Crude Oil Arbitrage - Mexican Gulf Crude Oil Arbitrage: Most arbitrage windows are closed, and there is no significant arbitrage advantage for most types of crude oil [2] - Atlantic Crude Oil Arbitrage: Some arbitrage windows are open, such as for British Forties and Algerian Saharan Blend [4] - Northwest European Crude Oil Arbitrage: Some arbitrage windows are open, such as for Azeri Light and Saharan Blend [5] - Mediterranean Crude Oil Arbitrage: All arbitrage windows are closed [6][7] - Asian Crude Oil Arbitrage: Some arbitrage windows are open, such as for Ecuadorian Napo and US Mars [7] Key Market News - China's Xinjiang Jimusar shale oil demonstration area has an annual output of over 1.5 million tons for the first time this year - US API crude oil inventory decreased by 4.02 million barrels in the week ending October 24 - US API Cushing crude oil inventory increased by 1.735 million barrels in the week ending October 24 - Saudi Aramco CEO expects oil demand growth of 1.1 to 1.4 million barrels per day next year - The US acknowledges that Rosneft's business in Germany is independent of its Russian parent company - An executive of Indian Oil Corporation says they will not completely stop buying Russian crude oil [8]