Core Viewpoint - The news highlights the increasing prevalence of investment fraud schemes, particularly those involving cross-border e-commerce and virtual currencies, emphasizing the need for public awareness and caution in financial dealings [3][11]. Group 1: Case Presentations - A case involving Mr. Deng illustrates how he was lured into a fraudulent scheme by promises of easy profits from operating an "overseas store," which required him to prepay for goods and ultimately led to a loss of 127,000 yuan [4][5]. - Another case features Ms. Shang, who fell victim to a romance scam that led her to invest over 100,000 yuan in a fake trading platform, showcasing the emotional manipulation often used in such scams [6]. Group 2: Expert Insights - Experts identify the use of designated commercial prepaid cards as a common tool in investment fraud, allowing scammers to bypass traditional banking oversight and facilitate money laundering [7][8]. - The fraudulent platforms often appear legitimate, using sophisticated apps that can mislead victims into believing they are making real investments, which complicates the detection of scams [8][10]. Group 3: Police Warnings - Law enforcement officials warn that investment schemes promising high returns and guaranteed profits are typically fraudulent, targeting individuals with disposable income and investment interests [11][13]. - The typical progression of such scams involves building trust, encouraging investment, and ultimately blocking withdrawals while demanding additional fees, leading to significant financial losses for victims [11].

Group 1 - WTI crude oil futures increased by 2%, reaching $66.722 per barrel [1] - Brent crude oil futures touched $70 per barrel, with the latest price at $70.022, reflecting a daily increase of 2.01% [1]

Group 1 - Research variety: Crude oil [1] - Report cycle: Weekly [1] - Reported contents: Spot analysis, influencing factors analysis [4][5]

Report Summary 1. Industry Investment Rating - Not provided in the report 2. Core View - Geopolitical cooling led to a sharp decline in crude oil prices, and it's advisable to build positions for reverse spreads opportunistically [1] 3. Summary by Related Catalogs International Crude Oil - WTI August crude oil futures closed down $5.33 per barrel, a 7.22% decline, at $68.51 per barrel; Brent August crude oil futures closed down $5.53 per barrel, a 7.18% decline, at $71.48 per barrel; SC2508 crude oil futures closed down 32.20 yuan per barrel, a 5.65% decline, at 537.70 yuan per barrel [1] Geopolitical News - Local time on June 24, Israeli Prime Minister Netanyahu asked cabinet members not to comment on the recent progress of "Trump announcing that Israel and Iran agreed to a full cease - fire" until further notice [3] - Iranian senior officials confirmed that Tehran has agreed to a cease - fire agreement with Israel proposed by the US and mediated by Qatar [3] - Trump said on Truth Social that Israel and Iran have fully agreed to a complete and thorough cease - fire. Iran will start the cease - fire first, and Israel will start 12 hours later, and the war will be considered over after 24 hours [3] Trend Intensity - The trend intensity of crude oil is - 1, with a range of [-2, 2] for integer values, where -2 means most bearish and 2 means most bullish [4]

Market Overview - S&P 500 futures, Dow futures, Nasdaq futures, and Russell 2000 futures are currently down by up to approximately 0.5% [1] - Spot gold is down about 0.2%, currently priced at $3,381 per ounce [1] - WTI crude oil futures have decreased by 0.7%, currently at $73.37 per barrel [1] Geopolitical Concerns - U.S. intelligence officials believe that if the U.S. and Israel strike Iran's Fordow nuclear facility, Iran may pursue the development of nuclear weapons [1] - The U.S. also assesses that if Iranian Supreme Leader Khamenei were to be assassinated, Iran would likely manufacture nuclear weapons [1]

Group 1 - WTI crude oil futures for July contract surged by 4% in a single day [1] - The current price of WTI crude oil is reported at $74.35 per barrel [1]

Core Viewpoint - The Shanghai International Energy Exchange's crude oil futures have seen a significant decline, with a drop of 4% [1] Group 1 - The decline in crude oil futures indicates a bearish sentiment in the market, potentially influenced by various economic factors [1]

2025 年 5 月 29 日 商 品 研 究 原油：多单、正套轻仓持有，关注 OPEC+会议 黄柳楠 投资咨询从业资格号：Z0015892 huangliunan021151@gtjas.com 研 究 所 1. 澳大利亚 4 月加权 CPI 年率 2.4%，预期 2.3%，前值 2.40%。 2. 新西兰至 5 月 28 日联储利率决定 3.25%，预期 3.25%，前值 3.50%。 3. 法国第一季度 GDP 年率终值 0.6%，预期 0.8%，前值 0.80%。 4. 雪佛龙从美国获得有限使用许可，可以继续在委内瑞拉运营。 5. 路透调查：沙特 7 月对亚洲原油售价或降至 6 个月低位。 6. 阿联酋能源部长：欧佩克+正在尽最大努力平衡市场，确保供应方面有足够的投资。如果没有欧 佩克+，尤其是八国集团，局势将会陷入混乱 7. 德国 5 月季调后失业率 6.3%，预期 6.3%，前值 6.30%。 8. 德国 5 月季调后失业人数 3.4 万人，预期 1 万人，前值 0.4 万人。 9. 瑞士 5 月 ZEW 投资者信心指数 -22，前值-51.6。 10. 金十数据 5 月 28 日讯，受美国阵亡将 ...

Report Summary 1. Investment Rating - Crude oil: Hold a light long position in the calendar spread and stay on the sidelines for single-sided trading [1] 2. Core View - The report provides the latest prices and price changes of international crude oil futures, and also lists a series of global economic data and industry news that may affect the crude oil market [1][2][3] 3. Summary by Related Catalogs International Crude Oil Futures Prices - WTI June crude oil futures closed down $0.37/barrel, a decrease of 0.60%, at $61.20/barrel [1] - Brent July crude oil futures closed down $0.47/barrel, a decrease of 0.72%, at $64.44/barrel [1] - SC2507 crude oil futures closed down 5.60 yuan/barrel, a decrease of 1.21%, at 456.90 yuan/barrel [1] Global Economic Data - China's Swift RMB share in global payments in April was 3.5%, down from 4.13% previously [2] - China's year-to-date national power generation installed capacity annual rate in April was 15.9%, up from 14.6% previously [2] - China's year-to-date national power generation installed capacity in April was 349,000 million kilowatts, up from 343,081 million kilowatts previously [2] - France's May manufacturing PMI preliminary value was 49.5, expected 48.9, previous value 48.7 [2] - Germany's May manufacturing PMI preliminary value was 48.8, expected 48.9, previous value 48.4 [2] - Eurozone's May manufacturing PMI preliminary value was 49.4, expected 49.3, previous value 49 [2] - Germany's May IFO business climate index was 87.5, expected 87.4, previous value 86.9 [2] - UK's May services PMI preliminary value was 50.2, expected 50, previous value 49 [2] - UK's May manufacturing PMI preliminary value was 45.1, expected 46, previous value 45.4 [2] - UK's May CBI industrial order difference was -30, expected -24, previous value -26 [2] - US initial jobless claims for the week ended May 17 were 227,000, the lowest since the week ended April 19, market expected 230,000 [2] - US May S&P Global manufacturing PMI preliminary value was 52.3, expected 50.1, previous value 50.2 [2] - US May S&P Global services PMI preliminary value was 52.3, expected 50.8, previous value 50.8 [2] - US April existing home sales annualized total was 4 million units, expected 4.1 million units, previous value 4.02 million units [2] - India's crude oil imports in April decreased 1.0% year-on-year to 21.2 million tons, and gasoline exports increased 3.8% year-on-year to 1.2 million tons [2] Industry News - Israel is preparing to quickly strike Iran's nuclear facilities if the US-Iran negotiations break down [2] - OPEC+ is discussing whether to agree to another ultra-large-scale production increase at the June 1 meeting, and a 411,000 barrels per day increase in daily output in July is one of the options under discussion [2][3] - The Iraqi oil minister hopes that oil prices will rebound in the second half of this year and has reservations about the energy agreement signed with the Kurdish region [3] - Saudi Arabia's domestic refinery crude oil processing volume in March increased by 323,000 barrels per day to 2.944 million barrels per day [3] - Saudi Arabia's crude oil production in March increased by 10,000 barrels per day to 8.957 million barrels per day [3] - Saudi Arabia's petroleum product demand in March increased by 223,000 barrels per day to 2.218 million barrels per day [3] - Saudi Arabia's petroleum product exports in March increased by 145,000 barrels per day to 1.553 million barrels per day [3] Trend Intensity - Crude oil trend intensity: 0, indicating a neutral view [4]

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The domestic crude oil futures 2507 contract is expected to maintain a slightly bullish and oscillating trend [1][5] - Crude oil is supported by bullish factors and will run strongly [1][5] Group 3: Summary by Relevant Catalogs Time - cycle Views - Short - term (within a week): The trend of crude oil 2507 is oscillating [1] - Medium - term (two weeks to one month): The trend of crude oil 2507 is oscillating, and the medium - term view of crude oil (SC) is also oscillating [1][5] - Intraday: The intraday view of crude oil 2507 is slightly bullish and oscillating, and the intraday view of crude oil (SC) is the same [1][5] Core Logic - Sino - US economic and trade talks have achieved substantial results, and macro factors have turned optimistic [5] - OPEC+ oil - producing countries have accelerated capacity release without causing oil prices to fall below previous lows [5] - The peak crude oil consumption season in the Northern Hemisphere has arrived, refinery operating rates have rebounded, and commercial inventories have entered a destocking cycle [5] - International funds are expected to increase net long positions in the oil market [5] Price Performance - On Wednesday night, the price of domestic crude oil futures showed an oscillating and stabilizing trend, with the futures price slightly rising 0.02% to 478.4 yuan per barrel [5]