宝城期货原油早报-20251201

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The crude oil 2601 contract is expected to run strongly, with short - term and medium - term trends being oscillatory and the intraday trend being strong [1][5] - Due to the expected cooling of the Russia - Ukraine conflict, the geopolitical premium weakens, but with the arrival of the winter consumption peak in the Northern Hemisphere, the demand for crude oil is expected to improve, and the supply - demand structure of the oil market is expected to get better, so the domestic crude oil futures may continue to run strongly on Monday [5] Group 3: Summary by Related Catalog Price and Trend - The short - term view of the crude oil 2601 contract is oscillatory, the medium - term view is oscillatory, and the intraday view is strong, with a reference view of strong operation [1] Driving Logic - The expected cooling of the Russia - Ukraine conflict weakens the driving force for the continued rebound of international oil prices, while the arrival of the winter consumption peak in the Northern Hemisphere improves the crude oil demand expectation and the supply - demand structure of the oil market [5] Market Performance - Last Friday night, domestic crude oil futures showed an oscillatory and slightly rebounding trend under the dominance of a bullish atmosphere [5]