【国际原油】：原油：多单持有，或震荡上行

Report Investment Rating - The report suggests holding long positions in crude oil, indicating a view that the price may oscillate upwards [1] Core View - The report analyzes the price movements of international crude oil futures and the arbitrage situations in different markets, including the Gulf of Mexico, the Atlantic, Northwest Europe, and the Mediterranean. It also provides key market news that may affect the crude oil market [1][3][4][6] Summary by Directory International Crude Oil - NYMEX WTI April crude oil futures closed down $0.18, a decline of over 0.18%, at $96.14 per barrel; ICE Brent crude oil futures for May closed up $1.27, a gain of 1.18%, at $108.65 per barrel; SC2605 crude oil futures closed down 46.30 yuan per barrel, a decline of 5.76%, at 757.10 yuan per barrel [1] Mexican Gulf Market Crude Oil Arbitrage - For most crude oils, the spreads decreased compared to January. The main drivers include the deterioration of crude oil price disadvantages and high freight costs [1] Atlantic Crude Oil Arbitrage - The spreads of most crude oils decreased compared to January. The core drivers are the expansion of crude oil price disadvantages and the negative impact of refining value [3] Northwest European Crude Oil Arbitrage - The spreads of some crude oils increased, mainly due to the strong refining value. While the spreads of some others decreased, mainly due to the change of crude oil price advantages to disadvantages and high freight costs [4] Mediterranean Crude Oil Arbitrage - The spreads of some crude oils changed slightly. The main influencing factors are the change of the relative price advantage of the benchmark oil Urals and high freight costs [6] Key Market News - Israel and the US have carried out 20 - day air strikes on Iran, and the military action will continue until necessary. The US Treasury has issued a new license to allow the delivery and sale of Russian - origin crude oil and petroleum products loaded before March 12 [9]