Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - The crude oil 2601 contract is expected to run strongly, with a short - term outlook of being weak, a medium - term outlook of being volatile, and an intraday outlook of being strong [1][5] - The core logic is that demand expectations drive the crude oil market to be oscillating and strong. Market sentiment has improved, and the market has returned to the supply - demand fundamental - driven situation. Optimistic factors such as the rise in European diesel prices and the increase in winter heating demand expectations have promoted the sharp rise in crude oil futures prices [1][5] Group 3: Summary by Related Content Price and Performance - On Tuesday night, domestic and foreign crude oil futures prices rose sharply. The domestic crude oil futures 2601 contract closed up 2.01% to 471.1 yuan/barrel [5] Driving Factors - The US Senate has reached an agreement to end the federal government "shutdown", and market sentiment has improved, boosting investors' risk appetite [5] - As geopolitical emotions are gradually digested, the crude oil futures market has returned to the supply - demand fundamental - driven situation [5] - European diesel prices have risen sharply, and winter heating demand expectations have increased [5] Outlook - It is expected that on Wednesday, the domestic crude oil futures 2601 contract may maintain a strong trend [5]

Group 1: Report's Industry Investment Rating - The short - term rating for the crude oil 2512 contract is weak, the medium - term rating is volatile, and the intraday rating is weak [1]. Group 2: Report's Core View - The crude oil market is dominated by weak supply - demand fundamentals and is expected to run weakly. The 2512 contract of domestic crude oil futures may maintain a weak trend on Friday [1][5]. Group 3: Summary by Related Content Price and Performance - On Thursday night, the 2512 contract of domestic crude oil futures maintained a weak trend, with the futures price closing down 1.32% to 454.4 yuan per barrel [5]. Driving Factors - After the meeting between Chinese and US leaders in Busan, South Korea, the positive macro - sentiment has been digested, and the driving force of macro - factors has weakened, leading to profit - taking in the market. As geopolitical sentiment fades, the crude oil futures market returns to a supply - demand - driven market [5].