品种晨会纪要：宝城期货原油早报：2026.1.15-20260115

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoint The report predicts that the domestic crude oil futures price (SC) will maintain a weak pattern in the short - term and oscillate in the medium - term. Specifically, it will be weak on the day, with a core logic of weakening geopolitical risks leading to the weakening of crude oil prices [1][5]. 3. Summary by Related Catalog - Time - cycle Viewpoints - Short - term: The short - term view of crude oil 2603 is oscillatory [1]. - Medium - term: The medium - term view of crude oil 2603 is oscillatory, and the medium - term view of SC crude oil is also oscillatory [1][5]. - Intraday: The intraday view of crude oil 2603 is weak, and the intraday view of SC crude oil is also weak [1][5]. - Core Logic - Recently, US President Trump frequently signaled geopolitical risks, threatening a new round of military strikes on Iran, which intensified Middle - East geopolitical risks. However, after Trump signaled a possible suspension of the strike on Iran, the geopolitical risks weakened, causing international crude oil futures prices to drop significantly. Although domestic crude oil futures prices rebounded on Wednesday night, international oil prices have given back their gains, so it is expected that domestic crude oil futures prices will maintain a weak pattern on Thursday [5].