Group 1 - The core point of the article indicates that copper futures are trading at a premium of $8 per ton compared to COMEX copper [1]

Group 1 - WTI crude oil futures fell over 5% during the day [1] - Brent crude oil saw an expanded decline of 4.8% [1] - The one-year Brent crude oil futures are experiencing a futures premium due to the sharp drop in oil prices [1]

布伦特原油在周二收跌1%后，于周三的震荡交易中小幅走高，重新站上64美元关口。 据媒体28日报道，OPEC+本周可能讨论2027年的产油基准，并同意7月增产。这一消息加剧了市场对供 应过剩的担忧，为油价带来额外压力。 市场的谨慎情绪源于两大不确定性：OPEC+即将在周三召开线上会议审议今明两年的产量配额，而真 正牵动市场神经的关键决定——是否延续日增41.1万桶的激进增产步伐——将由八个核心成员国在周六 的视频会议中敲定。 沙特动向成焦点：市场份额与长期配额的博弈 （文章来源：华尔街见闻） Onyx Capital Group研究主管Harry Tchilinguirian指出： "从宏观角度来看，在风险偏好方面，目前是一个'观望'的阶段。尽管长期美债和日债收益率有所下 降，但原油价格不愿跟随股市上涨。" 他进一步强调，当前油价面临基本面下行压力，OPEC可能进一步解除自愿减产。 自一月中旬以来，油价总体呈现下行趋势。特朗普政府实施的大规模关税措施为油市带来了看跌的逆 风，加剧了对全球经济放缓的担忧。然而，近期也出现了一些贸易紧张局势缓和的迹象，这为油市带来 了一线希望。 油价恐再临震荡？ 与此同时，技术指标 ...

Core Viewpoint - The six-month Brent crude oil futures spread has turned into a premium for the first time since December 2023, indicating a shift in market dynamics [1] Group 1 - The change in the Brent crude oil futures spread suggests a potential increase in demand or a decrease in supply expectations in the near term [1] - This shift may impact pricing strategies for companies involved in oil production and trading [1] - The transition to a premium could signal a bullish outlook for the oil market moving forward [1]

Core Viewpoint - The Brent crude oil futures spread has turned into a premium for the first time since December 2023, indicating a shift in market dynamics [1] Group 1 - The 6-month Brent crude oil spread has changed to a futures premium, marking a significant market development [1]

Group 1 - Morgan Stanley indicates that the global oil market is in a rare state, with futures prices showing recent supply tightness while signaling a future "meaningful surplus" [1] - The Brent crude oil futures curve is currently unusual, with the first nine contracts sloping downwards and then upwards, a pattern with almost no historical precedent [1] - In April, Brent crude oil prices fell by 12% due to the impact of the US-led trade war, OPEC+'s faster-than-expected supply increase, and rising surplus expectations [3] Group 2 - The current spot premium in Brent crude prices indicates a bullish sentiment, as traders are willing to pay a premium for immediate oil, but this is expected to shift to a futures premium by 2026 [3] - Analysts predict that Brent crude oil prices will drop to a low of $60 per barrel later this year, with current forecasts maintaining June futures at $65.03 per barrel [3] - Trade tariffs are expected to be a significant obstacle to oil demand, with a projected deficit in oil supply-demand balance in Q3, followed by a substantial surplus thereafter [3]