建信期货原油日报-20251106

Group 1: Report Overview - Report Type: Crude Oil Daily Report [1] - Date: November 6, 2025 [2] Group 2: Investment Rating - No investment rating information provided Group 3: Core Views - API data shows a significant 6.52 million - barrel increase in US crude oil inventories, with gasoline and diesel inventories falling. The data is neutral, and overnight oil prices declined slightly [6] - OPEC+ decided to suspend production increases in Q1 next year, which supports the supply - side but can't change the oversupply situation. The impact is short - term [7] - The market is supported by macro and geopolitical factors, causing oil prices to rebound. Attention should be paid to the implementation of US sanctions on Russia. The market is in a wait - and - see state and may increase purchases of Middle - East crude oil, supporting relevant oil types and SC to strengthen relatively [7] - After the positive factors are digested, oil prices may decline again under the pressure of oversupply. Operators should maintain a short - selling mindset, try short - selling on rebounds or conduct reverse spreads [7] Group 4: Market Review and Operation Suggestions Market Review - WTI: Opened at $61.03, closed at $60.43, with a high of $61.03, a low of $59.94, a decline of 1.02%, and a trading volume of 1.936 million lots [6] - Brent: Opened at $64.73, closed at $64.35, with a high of $64.80, a low of $63.82, a decline of 0.83%, and a trading volume of 2.657 million lots [6] - SC: Opened at 460.5 yuan/barrel, closed at 463.7 yuan/barrel, with a high of 465.6 yuan/barrel, a low of 459 yuan/barrel, a decline of 0.32%, and a trading volume of 818,000 lots [6] Operation Suggestions - Maintain a short - selling mindset, try short - selling on rebounds or conduct reverse spreads [7] Group 5: Industry News - Energy giant Gunvor is worried about oil market oversupply [8] - US media reported that the Trump administration is considering controlling Venezuelan oil fields [8] - Saudi Aramco CEO expects global oil demand to reach 106 million barrels per day in 2025, and demand growth will remain strong in 2026 [8] - Libyan oil minister said the current production is close to 1.4 million barrels per day, aiming to increase it to 2 million barrels per day in the next five years, 1.6 million barrels per day next year, and 1.8 million barrels per day the year after [8] - HSBC Bank predicts a supply surplus of 2.7 million barrels per day in Q1 2026 (previously 3 million barrels per day), and an average annual supply surplus of 2.1 million barrels per day in 2026 (previously 2.4 million barrels per day) [8] Group 6: Data Overview - The report presents multiple data charts, including global high - frequency crude oil inventories, EIA crude oil inventories, US crude oil production growth rate, Dtd Brent price, WTI spot price, Oman spot price, US gasoline consumption, and US diesel consumption [10][11][18][22]