宝城期货原油早报-2026-02-10-20260210

Group 1: Report Industry Investment Rating - Not provided Group 2: Core View of the Report - The crude oil futures are expected to run strongly, with short - term and medium - term trends being oscillatory and the intraday trend being strong. The core logic is that the marginal improvement of the supply - demand fundamentals provides solid support, and the geopolitical risks are rising [1][5]. Group 3: Summary by Relevant Catalog Price and Trend - For crude oil 2604, the short - term trend is oscillatory, the medium - term trend is oscillatory, and the intraday trend is strong. The reference view is a strong operation [1]. Driving Logic - The marginal improvement of supply - demand fundamentals offers solid support. OPEC+ major oil - producing countries will continue to suspend production increases in March 2026, maintaining the production level of December 2025, which eases concerns about oversupply. The US winter storm affects crude oil production, with last week's crude oil inventory decreasing by 3.5 million barrels and Cushing's inventory dropping by 743,000 barrels. The geopolitical risks are rising due to the large differences between the US and Iran, which boosts the upward trend of domestic crude oil futures [5].