Core Viewpoint - The article discusses the volatility in the oil market and the impact of geopolitical tensions, particularly between Israel and Iran, on commodity prices, alongside the implications of U.S. monetary policy and economic indicators. Group 1: Oil Market - The SC night market saw an increase of 3.52% in oil prices, driven by ongoing military conflicts between Israel and Iran, with no signs of de-escalation [2][10] - U.S. crude oil inventories, including strategic reserves, totaled 823.231 million barrels, a decrease of 11.243 million barrels from the previous week, while commercial crude oil inventories reached 420.942 million barrels, the lowest since January [2][10] Group 2: Precious Metals - The Federal Reserve maintained interest rates, with expectations of two rate cuts within the year, but the hawkish tone from Chairman Powell led to a decline in gold prices [3][16] - The escalation of the Middle East conflict has raised concerns about further geopolitical risks, which may support gold prices in the long term despite short-term fluctuations [3][16] Group 3: Stock Indices - The U.S. stock indices showed mixed performance, with the Chinese central bank announcing eight policy measures to be implemented in Shanghai, which had a muted market reaction [4][8] - The financing balance increased by 5.271 billion yuan to 1.81532 trillion yuan, indicating a favorable environment for long-term capital allocation in the stock market [4][8] Group 4: Economic Indicators - The U.S. initial jobless claims decreased by 5,000 to 245,000, aligning with market expectations, indicating a stable labor market [2][10] - The Federal Reserve's stance on inflation suggests that tariffs may lead to persistent inflationary pressures, with expectations of rising inflation in the coming months [5]
原油宽幅震荡:申万期货早间评论-20250619
申银万国期货研究·2025-06-19 00:31