宝城期货原油早报-2026-02-06-20260206

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The report predicts that the domestic crude oil futures on SC will maintain a weak and volatile pattern on Friday, February 6, 2026 [1][5]. 3. Summary of Related Catalogs 3.1 Time Cycle Classification - Short - term: within a week; Medium - term: two weeks to one month [1] - For short - term and medium - term, there is no distinction between strong and weak. Only the intraday view has such a distinction. A decline of more than 1% is considered weak, a decline of 0 - 1% is considered weak - bias, a rise of 0 - 1% is considered strong - bias, and a rise of more than 1% is considered strong [3][4] 3.2 Crude Oil 2604 Outlook - Short - term: volatile; Medium - term: volatile; Intraday: weak - bias; Overall view: weak operation. The core logic is that the peace talks between the US and Iran have led to a weak and volatile trend in crude oil [1] 3.3 Crude Oil (SC) Market Analysis - Intraday view: weak - bias; Medium - term view: volatile; Reference view: weak operation - Core logic: The marginal improvement in the supply - demand fundamentals provides strong support. OPEC+ major oil - producing countries will continue to suspend production increases in March 2026, keeping the production at the December 2025 level, alleviating concerns about oversupply. The US winter storm has affected crude oil production, with a 3.5 - million - barrel reduction in crude oil inventory last week and a 743,000 - barrel decline in Cushing inventory. The better - than - expected inventory drawdown strengthens the bullish logic. However, the peace talks between the US and Iran on February 6 have cooled geopolitical risks, leading to a weak and volatile trend in domestic crude oil futures on Thursday night [5]