建信期货原油日报-20251223

Group 1: Report General Information - Report title: Crude Oil Daily [1] - Report date: December 23, 2025 [2] - Research team: Energy and Chemical Research Team [4] Group 2: Investment Rating - Not provided Group 3: Core Viewpoints - Crude oil's short - term fundamentals are neutral. The market has temporarily digested the US sanctions on Venezuela, and oil prices are expected to fluctuate. In the medium term, there is still a possibility of a decline due to supply pressure. The recommended operation is to short on rebounds [6][7] Group 4: Market Review and Operation Suggestions - Market Review: WTI's opening price was $55.90, closing at $56.54, with a high of $56.72, a low of $55.61, a daily increase of 0.96%, and a trading volume of 19.93 million lots. Brent's opening price was $59.40, closing at $60.12, with a high of $60.23, a low of $59.11, a daily increase of 1.04%, and a trading volume of 27.5 million lots. SC's opening price was 428.9 yuan/barrel, closing at 437.9 yuan/barrel, with a high of 438.3 yuan/barrel, a low of 428.2 yuan/barrel, a daily increase of 2.46%, and a trading volume of 8.19 million lots [6] - Geopolitical Situation: The US has strengthened sanctions on Venezuela's crude oil, directly affecting about 400,000 barrels per day. The supply of about 150,000 barrels per day to the US is expected to be unaffected. Other buyers may either wait and see or increase purchases of other sanctioned oil types from Russia or Iran. Venezuela's export difficulties have a greater impact on China's asphalt market [6] - Weekly Data: Crude oil inventories continued to decline, and refinery crude input reached the highest level in the same period in five years. However, refined oil products performed relatively weakly, with gasoline and diesel inventories continuously increasing, which is not conducive to maintaining high refinery operating rates. The data is neutral [6] - Medium - term Outlook: Crude oil supply surplus will continue to suppress oil prices, and there is a possibility of new lows [6] - Operation Suggestion: Short on rebounds [7] Group 5: Industry News - US intelligence shows no signs that Iran is about to attack Israel [8] - Another oil tanker, the "Bella 1", was seized by the US near Venezuela. This follows the seizure of the "Century" on Saturday morning and the "Skipper" on December 10 [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][13][21][23]