Report Summary 1. Report Industry Investment Rating - The report suggests short - term observation and holding long - short spreads for crude oil [1] 2. Report's Core View - The core view is to provide the latest price changes of international crude oil futures and relevant news, and give an investment suggestion of short - term observation and holding long - short spreads for crude oil [1] 3. Summary by Relevant Catalogs International Crude Oil - WTI9 crude oil futures closed down $1.07 per barrel, a 1.69% decline, at $62.35 per barrel; Brent October crude oil futures closed down $0.81 per barrel, a 1.21% decline, at $65.79 per barrel; SC2510 crude oil futures closed down 4.20 yuan per barrel, a 0.87% decline, at 480.90 yuan per barrel [1] Trend Strength - The trend strength of crude oil is 0, indicating a neutral view. The value range of trend strength is [- 2,2] [2][3] API Inventory Data - US API crude oil inventory for the week ending August 15 was - 2417000 barrels, expected - 1587000 barrels, and the previous value was 1519000 barrels. There are also data on API Cushing crude oil inventory, gasoline inventory, refined oil inventory, heating oil inventory, crude oil imports, and refined oil imports [2] International News - Trump is arranging a meeting between Putin and Zelensky. Macron suggests the meeting be held in Geneva, Switzerland. Trump and Hungarian Prime Minister Orbán discussed Ukraine's EU accession negotiations and Budapest as a possible meeting place. The EU Commission spokesperson said to continue pressuring Russia, and NATO and EU accession issues should be decided by Ukraine. Trump believes all indicators show that interest rates need to be significantly lowered. Indian Prime Minister Modi met with Wang Yi and said that India and China are partners rather than rivals [2]

Report Industry Investment Ratings - Crude oil: ★★★, indicating a clearer long - term trend and a relatively appropriate investment opportunity [1] - Fuel oil: ★★★, indicating a clearer long - term trend and a relatively appropriate investment opportunity [1] - Low - sulfur fuel oil: ★★★, indicating a clearer long - term trend and a relatively appropriate investment opportunity [1] - Asphalt: ☆☆☆, suggesting that the short - term long/short trend is in a relatively balanced state, and the current market is less operable, with a wait - and - see approach recommended [1] - Liquefied petroleum gas (LPG): ★★★, indicating a clearer long - term trend and a relatively appropriate investment opportunity [1] Core Viewpoints - The crude oil market is still sensitive to upside risks caused by geopolitical factors, and it is recommended to continue holding the double - buy strategy of out - of - the - money options [2] - The fuel oil market has abundant arrivals, and the supply pressure of low - sulfur fuel oil is marginally relieved, with different performance in variety spreads [3] - The supply and demand of asphalt are expected to tighten marginally, with the price range - bound and the crack spread expected to gradually recover [4] - The overseas LPG market is stable, while the domestic market is under pressure, and the market is in a low - level shock [5] Summary by Related Catalogs Crude Oil - Last week, the crude oil futures fluctuated, and the SC09 contract fell 0.71% due to the impact of position transfer. The risk of Russian oil sanctions is trending to ease, but short - term uncertainties remain. The market is sensitive to upside risks from geopolitical factors, and it is advisable to continue holding the double - buy strategy of out - of - the money options [2] Fuel Oil & Low - Sulfur Fuel Oil - The arrival of fuel oil in the Asian market is abundant, with weak ship - bunkering and power - generation demands. The inventories in Singapore and Fujairah are high, and the diesel crack spread in Singapore continues to decline. The approval of the quota for converting low - sulfur fuel oil to refined oil by main refineries marginally relieves the supply pressure, and LU is boosted. FU is weaker than LU but stronger than SC, and the FU crack spread strengthens [3] Asphalt - The supply and demand of asphalt have tightened slightly as expected. The diversion effect of Venezuelan oil imports by the US on North Asian resources may gradually appear, and the cumulative output of asphalt by Sinopec is declining year - on - year. With the approaching of the "Golden September and Silver October" construction season, the road demand is expected to rise. The August shipment volume of sample refineries increased 8% year - on - year, and leading indicators are positive. The BU price follows SC but shows certain resistance to decline. The price of the 10 - contract is expected to fluctuate narrowly between 3400 - 3500 yuan/ton, and the crack spread is expected to gradually recover [4] LPG - The overseas LPG market is stable, with increased exports but supported by East Asian procurement demand. The domestic imports and refinery out - put are rising, and domestic gas is under pressure. The cost advantage of propane is continuously weakening, and the sustainability of the high operating rate needs attention. The market is waiting for the implementation of bearish expectations, with strong pressure at the top due to high warehouse receipts, and the high - basis pattern can continue, mainly in low - level shock [5]

Core Viewpoint - WTI crude oil futures have increased by over 2% in a single day, currently priced at $63.92 per barrel [1] Group 1 - The main contract for WTI crude oil futures has shown a significant daily increase [1] - The current price of WTI crude oil is reported at $63.92 per barrel [1]

Group 1 - Brent crude futures increased by 1%, reaching $67.122 per barrel [1] - WTI crude futures also rose by 1%, now priced at $64.571 per barrel [1]

Group 1 - The Shanghai International Energy Exchange saw a rise in the main crude oil futures contract, with the main contract 2507 closing at 462.8 yuan, an increase of 0.37% or 1.7 yuan [1] - Trading volume for the day reached 111,464 lots, while open interest increased by 554 lots to a total of 30,835 lots [1] - On May 17, WTI June crude oil futures rose by $0.87, or 1.41%, closing at $62.49 per barrel [1]

Group 1 - WTI September crude oil futures closed down by $1.04, a decline of over 1.54%, at $66.29 per barrel [1] - Brent October crude oil futures fell by $0.91, a decrease of over 1.30%, settling at $68.76 per barrel [1] - Abu Dhabi Murban crude oil futures are currently down by 1.31%, priced at $71.04 per barrel as of 02:32 Beijing time [1] Group 2 - NYMEX September natural gas futures dropped nearly 4.90%, reported at $2.9320 per million British thermal units [1] - NYMEX September gasoline futures closed at $2.1022 per gallon [1] - NYMEX September heating oil futures settled at $2.3176 per gallon [1] Group 3 - On Monday (August 4), at the end of the European market, ICE UK natural gas futures rose by 0.86% [1] - TTF benchmark Dutch natural gas futures increased by 1.11% [1] - ICE EU carbon emission trading allowances (futures prices) decreased by 1% [1]

Report Summary Report Industry Investment Rating - Not provided Core Viewpoints - The report presents various news and data related to the international crude oil market, including price movements, geopolitical events, inventory changes, and production and demand forecasts. It suggests a strategy of adding long positions and using short positions in far - month contracts for protection, while also highlighting the need to monitor US sanctions on Russian energy [4]. Detailed Summaries Market Prices - On August 7, 2025, WTI September crude oil futures closed down $0.81/barrel, a 1.24% decline, at $64.35/barrel; Brent October crude oil futures closed down $0.75/barrel, a 1.11% decline, at $66.89/barrel; SC2509 crude oil futures closed down 6.20 yuan/barrel, a 1.23% decline, at 498.00 yuan/barrel [1] - The UAE's ADNOC set the official selling price of Murban crude for September at $71.12 per barrel [4] - Saudi Arabia raised the official selling price (OSP) of Arab Light crude for September to Asia, the US, and Northwest Europe compared to August [4] Geopolitical Events - US President Trump said gasoline prices would be below $2 per gallon and there was a high possibility of a summit with Zelensky and Putin, though the location was undetermined [4] - The White House stated that Russia had expressed a desire to meet with Trump, and Trump was willing to meet with Putin and Zelensky [4] - US secondary sanctions on Russia are expected to be implemented on Friday [2] Inventory Data - US EIA data for the week ending August 1 showed that the crude oil inventory in Cushing, Oklahoma was 45.3 million barrels, down from the previous value of 69 million barrels [3] - For the week ending August 1, US commercial crude inventories (excluding strategic reserves) decreased by 302.9 million barrels to 424 million barrels, a 0.71% decline; strategic petroleum reserve (SPR) inventory increased by 23.5 million barrels to 403 million barrels, a 0.06% increase [4] - As of August 4, the total refined oil inventory at the Fujairah Port in the UAE was 1907.2 million barrels, an increase of 202.4 million barrels from the previous week [4] Production and Export Data - For the week ending August 1, US crude oil exports increased by 620,000 barrels per day to 3.318 million barrels per day, while domestic crude oil production decreased by 30,000 barrels to 13.284 million barrels per day [4] - The four - week average supply of US refined oil products was 20.616 million barrels per day, a 1.61% increase compared to the same period last year [4] - For the week ending August 1, US commercial crude imports (excluding strategic reserves) were 5.962 million barrels per day, a decrease of 174,000 barrels per day from the previous week [4] Demand Forecast - Saudi Aramco's CEO expects oil demand to grow by 1.1 to 1.3 million barrels per day this year, likely closer to the upper end of the range [4] Trend Intensity - The trend intensity of crude oil is 0, indicating a neutral stance, with the range of trend intensity being integers in the [- 2,2] interval [5]

（文章来源：每日经济新闻） 每经AI快讯，8月6日，布伦特原油期货涨幅扩大至1%，报68.349美元/桶；WTI原油期货涨幅扩大至 1%，报65.822美元/桶。 ...

Report Industry Investment Rating - Short-term outlook: Hold off on new positions and maintain existing long positions in crude oil [1] Core Viewpoints - Crude oil futures prices declined on August 4, 2025. WTI9 crude oil futures fell by $1.93 per barrel (2.79%) to $67.33 per barrel, Brent October crude oil futures dropped by $2.03 per barrel (2.83%) to $69.67 per barrel, and SC2509 crude oil futures decreased by 15.10 yuan per barrel (2.86%) to 513.00 yuan per barrel [1] - The trend strength of crude oil is 1, indicating a neutral outlook [3] Summary by Related Catalogs Supply and Production - Considering compensation measures, OPEC+ actual oil production may increase by 528,000 barrels per day in September. Eight OPEC+ member countries will raise oil production by 547,000 barrels per day in September and will hold their next meeting on September 7 [2] - The total number of US oil rigs as of the week ending August 1 was 410, down from 415 in the previous week [2] Geopolitical and Trade - Russia accounts for about 10% of the global oil supply. Despite US sanctions and warnings from Trump, Indian refineries continue to buy Russian oil. If the global market stops receiving Russia's daily supply of 9.5 million barrels of oil, oil prices could rise to $135 - $140 per barrel [2] - After the US imposed new sanctions, at least two ships carrying Russian oil originally destined for Indian refineries have diverted to other destinations. Trump has urged countries to stop buying Russian oil and threatened to impose a 100% tariff on countries that purchase Russian oil unless Russia reaches a major peace agreement with Ukraine [2] Economic Data - The US seasonally adjusted non-farm payrolls in July were 73,000, lower than the previous value of 147,000 and the expected 110,000 [2] - The preliminary annual CPI rate in the Eurozone in July was 2%, in line with the previous value and higher than the expected 1.90% [2] Market Dynamics - As Middle East oil prices rise, Asia is increasing imports of US WTI crude oil [2]

Core Viewpoint - The Shanghai International Energy Exchange saw a rise in crude oil futures, with the main contract experiencing fluctuations and a decrease in trading volume and open interest [1] Group 1: Shanghai International Energy Exchange - The main crude oil futures contract (2509) closed at 531.3 yuan, an increase of 1.43% or 7.5 yuan [1] - The trading volume for the day was 107,487 contracts, while open interest decreased by 2,610 contracts to 35,066 contracts [1] Group 2: New York Mercantile Exchange - The West Texas Intermediate (WTI) crude oil contract for September delivery rose by $0.79, reflecting a 1.1% increase, closing at $70 per barrel [1]