Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Crude oil may open lower and fluctuate, and investors are advised to buy on dips [1] 3. Summary by Related Catalogs International Crude Oil - WTI was closed for the U.S. Independence Day holiday with no settlement price; Brent September crude oil futures fell $0.50 per barrel, a 0.73% decline, to $68.30 per barrel; SC2508 crude oil futures fell 5.20 yuan per barrel, a 1.03% decline, to 501.20 yuan per barrel [1] OPEC+ Information - OPEC+ stated that the global economic outlook is stable and market fundamentals are healthy. Eight member countries will increase production by 548,000 barrels per day in August [2] - Saudi Arabia set the official selling price of Arab Light crude oil for Asia in August at a premium of $2.20 per barrel over the Oman/Dubai average [3] - OPEC+ agreed on July 5 to increase daily production by 548,000 barrels in August, further accelerating production increases. The monthly production increase approved in May, June, and July was 411,000 barrels per day, and 138,000 barrels per day in April. With the August production increase, the production released by OPEC+ since April will reach 1.918 million barrels per day, and only 280,000 barrels per day of the previously voluntarily cut 2.2 million barrels per day production remains unrecovered. The organization is still implementing other production cuts totaling 3.66 million barrels per day. The next OPEC+ meeting is scheduled for August 3 [3] - Analysts said that OPEC+ representatives were discussing a fourth consecutive production increase of 411,000 barrels per day, but there could also be a "slightly larger" increase. According to the increased UAE quota, OPEC+ will return about 2.5 million barrels per day of production to the market. So far, about 1.4 million barrels per day have been returned (one increase of 138,000 barrels per day and three increases of 411,000 barrels per day). The remaining production increase may be divided into three monthly increases (two of 411,000 barrels per day and one of about 275,000 barrels per day). But it could also accelerate production increases with two increases of about 550,000 barrels per day [3] Other News - On the evening of July 5, Iranian Supreme Leader Ayatollah Khamenei made his first public appearance since the 12 - day conflict between Iran and Israel last month [3] - On July 4, Iranian Supreme Leader Khamenei's senior advisor Velayati said that Iran firmly defends its legitimate rights in scientific development and safeguarding national dignity, including the right to peaceful use of nuclear energy [3] - U.S. President Trump said that an agreement in the Gaza Strip might be reached next week [3] - Europe is promoting Iran's nuclear negotiations but said the hope of reaching an agreement is slim [3] Trend Intensity - The trend intensity of crude oil is 1, with a range of [-2, 2] for integers, where -2 means most bearish and 2 means most bullish [4]

Group 1 - WTI crude oil futures increased by 0.7%, currently priced at $64.84 per barrel [1] - President Trump stated that the U.S. will "come back" if Iran resumes nuclear activities [1]

Group 1 - Iran has launched missiles at U.S. military bases located in Qatar and Iraq [1]

Group 1 - Brent crude oil futures experienced a decline of over 1 USD during the day, indicating volatility in the market [1] - The price of Brent crude oil reached a new high not seen in a month during intraday trading [1]

Group 1 - WTI crude oil futures experienced a short-term increase of over $0.4, approaching $66.90 per barrel, and are currently roughly flat for the day [1] - Reports indicate that Israel is considering military action against Iran in the coming days [1]

Group 1 - WTI crude oil futures have narrowed their gains to less than 0.6%, retreating below $58.60 [1] - The Omani Foreign Ministry announced that the negotiations between Iran and the United States, originally scheduled for May 3, will be rescheduled [1]