Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the report. 2. Core View of the Report The report suggests that multiple positive factors are resonating in the crude oil market, and it recommends holding long positions and positive spreads. The current trend strength of crude oil is rated as 1, indicating a relatively positive outlook [2][5]. 3. Summary According to Relevant Information Market Data - WTI July crude oil futures rose $3.17 per barrel, or 4.88%, to $68.15 per barrel; Brent August crude oil futures rose $2.90 per barrel, or 4.33%, to $69.77 per barrel; SC2507 crude oil futures rose 16.20 yuan per barrel, or 3.37%, to 497.40 yuan per barrel [2]. Inventory Data - EIA reported that commercial crude oil inventories excluding strategic reserves decreased by 3.644 million barrels to 432 million barrels, a decline of 0.84%. The four - week average supply of U.S. crude oil products was 19.891 million barrels per day, a 0.53% increase from the same period last year. U.S. EIA crude oil inventory for the week ending June 6 was - 3.644 million barrels, compared with an expected - 1.96 million barrels and a previous value of - 4.304 million barrels. U.S. EIA Cushing crude oil inventory for the week ending June 6 was - 403,000 barrels, compared with a previous value of 576,000 barrels [3]. - PAJ reported that Japan's commercial crude oil inventory decreased by 206,359 kiloliters in the week ending June 7 [3]. - As of the week ending June 9, the total refined oil inventory at the Port of Fujairah in the UAE was 17.341 million barrels, an increase of 1.725 million barrels from the previous week. Among them, the light distillate inventory increased by 76,000 barrels to 7.802 million barrels, the medium distillate inventory increased by 135,000 barrels to 787,000 barrels, and the heavy residual fuel oil inventory increased by 1.514 million barrels to 8.752 million barrels [6]. Production and Export Data - Russia's main offline refining capacity in July was increased by 21% from the previous plan to 3.2 million tons [3]. - From January to May this year, Kazakhstan's oil exports to Germany through the Druzhba pipeline increased by 48% year - on - year to 767,000 tons [3]. - Despite political tensions in Libya, its crude oil production in May slightly increased to 1.23 million barrels per day, a 12 - year high, and its crude oil exports in May reached a multi - year high of 1.26 million barrels per day [3]. Geopolitical and Negotiation Information - Trump expressed reduced confidence in reaching the Iran nuclear deal. The possibility of the sixth round of U.S. - Iran negotiations scheduled for this weekend in Oman is decreasing [3]. - The EU Commission proposed an 18th round of sanctions against Russia, suggesting lowering the price cap on Russian oil from $60 to $45 per barrel. Putin extended counter - measures against the price cap on Russian oil and oil products until December 31, 2025 [3]. - There are signs of U.S. diplomatic withdrawals in multiple Middle Eastern countries, and Israel's military is on high alert, fearing an escalation of conflict with Iran. The UK warned that the intensifying tension in the Middle East may lead to an "escalation of military activities" [3][4]. - Iran's Islamic Revolutionary Guard Corps Commander - in - Chief stated that they are ready with upgraded missiles for any combat [6]. - The U.S. military authorized the voluntary departure of military families from the Middle East due to increased tensions with Iran [6]. Other Information - The U.S. Energy Secretary expected to sign more liquefied natural gas export agreements and an increase in LNG supply to India [6]. - The World Bank warned that a further 10% increase in the average U.S. tariff could lead to a global trade standstill in the second half of 2025 [6]. - The Trump administration may extend the 90 - day tariff suspension period if its major trading partners show "good faith" in negotiations [6].

Group 1 - The European Union (EU) proposed banning the Nord Stream gas pipeline and lowering the price cap on Russian oil to pressure Russia to end its military actions in Ukraine [1][2] - The new sanctions package may be adopted at the EU foreign ministers' meeting on June 23, requiring unanimous support from all 27 member states [1] - The Nord Stream pipeline has been non-operational since the first year of the Russia-Ukraine conflict, and the latest ban will prohibit operators from engaging in transactions related to the pipeline [1][2] Group 2 - The proposed price cap reduction from $60 to $45 for Russian oil would render certain services provided by EU companies to Russia illegal, including the use of large Greek oil tankers and insurance services [2] - The EU aims to adapt to changing market conditions and restore the effectiveness of sanctions by lowering the price cap [2] - The EU also proposed removing 22 banks from the SWIFT international payment system and implementing new trade restrictions valued at approximately €2.5 billion ($2.9 billion) to further reduce Russia's revenue [3] Group 3 - The EU plans to blacklist an additional 77 vessels used by Russia for transporting sanctioned products and prohibit the import of refined products made from Russian crude oil [3] - In response to the sanctions, Russian President Putin signed a decree extending countermeasures against price caps on Russian oil and oil products until December 31, 2025 [3]

金十数据整理：俄乌冲突最新24小时局势跟踪（6月11日） 冲突情况： 1. 俄罗斯国防部表示，俄军10日凌晨对乌克兰国防工业企业等目标进行了打击，所有预定目标均被击 中。 其他情况： 1. 泽连斯基敦促对俄石油实施30美元价格上限。 4. 泽连斯基：基辅遭遇冲突爆发以来最猛烈空袭。 5. 据外媒报道，俄罗斯正加大无人机生产力度，使其能够每天对乌克兰城市发动大规模袭击。 和谈情况： 1. 乌称谈论乌俄第三轮谈判的任何准备工作仍为时过早。 2. 欧盟委员会主席冯德莱恩：呼吁俄乌立即无条件停火，持续至少30天。 3. 俄驻美大使：俄美新一轮会谈将于近期在莫斯科举行。 2. 乌克兰武装部队总参谋部称，乌军袭击了俄军多处人员、武器和军事装备集中区。 3. 乌克兰空军10日发布消息称，自当地时间9日20点起，俄军发射315架无人机和7枚导弹袭击乌克兰。 跟踪俄乌冲突局势 +订阅 2. 欧盟委员会提出第十八轮对俄制裁方案，提议下调俄罗斯石油价格上限，从每桶60美元降至45美元。 3. 欧盟委员会主席冯德莱恩：提议进一步禁止价值超过25亿欧元的关键技术和工业产品出口。提议再制 裁22家俄罗斯银行。提议对北溪一号和二号天然气管 ...

欧盟委员会建议禁止与涉及规避对俄制裁的银行进行交易。 ...

欧盟委员会建议将更多影子舰队船只和石油交易公司列入对俄制裁名单。 ...

欧盟委员会提出第十八轮对俄制裁方案。 跟踪俄乌冲突局势 +订阅 ...

Group 1 - The U.S. Senate is preparing to review a sanctions bill against Russia, which may impose tariffs as high as 500% on countries importing Russian oil, gas, and petrochemical products [1][6] - The sanctions are aimed not only at major buyers like China and India but also at all countries purchasing Russian energy products, with European allies showing support for these measures [1][6] - Approximately 70% of Russian crude oil is purchased by China and India, highlighting the significant role these countries play in the Russian energy market [2] Group 2 - The proposed sanctions aim to prevent buyers from circumventing restrictions through third-party imports, targeting the core of the Russian energy economy [6] - There is skepticism regarding Russia's genuine interest in peace negotiations, as military buildup along the Ukrainian border continues [4] - Effective implementation of these sanctions requires close cooperation from OPEC and European allies, raising questions about their willingness to align with U.S. efforts [8]

金十数据整理：俄乌冲突最新24小时局势跟踪（6月6日） 冲突情况： 8. 乌克兰方面表示，俄罗斯发动无人机和导弹袭击。基辅因防空系统启动而传出爆炸声。 1. 克里姆林宫：（关于美国总统特朗普与普京通话）双方未就任何面对面会晤达成任何协议。 2. "双方打一会儿再介入" ，特朗普称短时间难以促成俄乌立即停火。 和谈情况： 1. 据国际文传电讯社：俄罗斯将英国文化协会列为不受欢迎组织。 11. 美媒：特朗普私下里佩服乌克兰对俄罗斯的袭击，但担心妨碍停火。 1. 乌克兰军方称袭击了俄罗斯在布良斯克地区的导弹系统。 2. 泽连斯基称乌多地遭俄方大规模无人机及导弹袭击。 3. 俄罗斯指责英法为乌袭击俄境内机场提供支持。 4. 俄罗斯联邦安全局：沃罗涅日地区一铁路轨道遭爆炸装置袭击而受损。 5. 俄罗斯国防部：俄罗斯武装部队在过去一天袭击了乌克兰攻击无人机的组装车间、储存和发射场。 6. 俄罗斯军队的导弹袭击对赫尔松州行政大楼造成了严重破坏，这是该地点同一天遭受的第二次袭击。 7. 塔斯社援引俄罗斯副外长里亚布科夫的话说，俄罗斯将修复被乌克兰损坏的飞机。 2. 美国国防部长赫格塞思：我们认为整个联盟将实现5%的国防开支承 ...

美国白宫：美国总统特朗普在工具箱里保留对俄罗斯制裁的选项。 ...

针对俄罗斯，乌克兰又有新动作！ 6月3日晚间，据央视新闻消息，当地时间6月3日，乌克兰全境发布防空警报。当天早些时候，乌首都基辅曾拉 响防空警报。乌克兰国家安全局称袭击了克里米亚大桥，并导致该大桥严重受损。俄罗斯官方对此说法尚无回 应。 此外，欧盟委员会2日发表声明说，欧盟正制定针对俄罗斯的第18轮制裁措施，重点锁定俄罗斯能源收入。 克里米亚大桥遭袭 据央视新闻报道，当地时间6月3日，乌克兰国家安全局通报称，乌克兰国家安全局开展了一项特别行动，从水 下袭击了克里米亚大桥。这是对该桥的第三次袭击。 乌克兰国家安全局称，乌特工对这座大桥的桥墩进行了爆破准备，该特别行动持续了数月之久。3日凌晨4时44 分，首个爆炸装置被成功引爆，没有造成任何平民伤亡。通报称，大桥水下支撑结构在底部位置遭到严重破 坏，1100公斤TNT当量炸药发挥了作用。 另据乌克兰媒体3日报道，克里米亚大桥发生了多次发生爆炸。目前 该大桥已处于紧急危险状态。乌国家安全局局长马柳克监督行动执行并协调作战规划。 克里米亚大桥于2016年初动工，全长19公里，跨海部分7.5公里，公路桥部分于2018年5月开通，铁路桥2019年 12月开通。自俄乌冲突爆 ...