宝城期货原油早报-2026-03-24-20260324

1. Report Industry Investment Rating - The investment rating for the crude oil industry is "oscillating and bullish" in the short - term, medium - term, and intraday periods [1][5] 2. Core View of the Report - The international crude oil futures price remains in a bullish pattern due to the escalating geopolitical risks in the Middle East caused by the intensified military actions of the US against Iran. However, short - term fluctuations occur as the US may be using a delaying tactic, and the domestic crude oil futures price is expected to stabilize in an oscillatory manner on Tuesday [5] 3. Summary by Related Catalogs Price and Rating - The crude oil 2605 contract is rated as "oscillating and bullish" in the short - term, medium - term, intraday, and overall view, with the core logic being the emergence of long - short divergence [1] Price Calculation - For varieties with night trading, the starting price is the night trading closing price; for those without, it's the previous day's closing price. The ending price is the day - trading closing price for calculating the price change [2] Strength Definition - A decline greater than 1% is considered weak, a decline between 0 - 1% is weakish, a rise between 0 - 1% is bullish, and a rise greater than 1% is strong. The bullish/weakish definition only applies to the intraday view [3][4] Driving Logic - The core driving logic for the crude oil (SC) is the intensified US - Iran conflict and the geopolitical risks in the Middle East. Trump's peace - talk signal was refuted by Iran, and the US may be using a delaying tactic, leading to a sharp adjustment in international crude oil futures and a significant drop in domestic crude oil futures on Monday night. It's expected to stabilize in an oscillatory manner on Tuesday [5]