Report Industry Investment Rating - Not provided Report's Core View - The domestic crude oil futures contract 2509 is expected to run weakly, with short - term, medium - term, and intraday trends showing an overall weakening tendency. The main reason is the supply pressure caused by the planned production increase of major oil - producing countries [1][5]. Summary by Relevant Catalogs Time - cycle Views - Short - term (within one week): The crude oil 2509 contract is expected to be in a volatile state [1]. - Medium - term (two weeks to one month): The crude oil 2509 contract is expected to be in a volatile state [1]. - Intraday: The crude oil 2509 contract is expected to be volatile and weak, and it is expected to maintain this trend on Tuesday [1][5]. Price and Market Performance - On the night session of Monday this week, the domestic crude oil futures 2509 contract closed slightly lower by 1.28% to 510.2 yuan/barrel [5]. Core Logic - Eight major oil - producing countries among OPEC and non - OPEC oil - producing countries decided to increase production by 547,000 barrels per day in September this year. Although OPEC+ began to relax voluntary production cuts in April, the actual production increase has far not reached the target. OPEC's monthly report shows that OPEC+ production increased by 349,000 barrels per day in June, and the production of the 8 countries in the agreement production - increase period increased by 394,000 barrels per day [5].