Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Core View of the Report - The crude oil futures 2507 contract is expected to run strongly, with bullish factors prevailing and showing a slightly stronger - than - expected trend. The contract may maintain a slightly stronger - than - expected trend in Friday night trading [1][5] Group 3: Summary by Related Catalogs Market Condition - For the crude oil 2507 contract, the short - term view is "oscillating", the medium - term view is "oscillating and slightly weak", the intraday view is "oscillating and slightly strong", and the reference view is "running strongly" [1] Driving Logic - OPEC+ oil - producing countries will further accelerate the pace of production increase in June, and US shale oil production is also growing steadily, increasing the expectation of oil market supply surplus. In May, the demand for crude oil in the Northern Hemisphere remains in the off - season mode, and the consumption power will gradually increase in June. The refinery operating rate remains stable, and the pressure of commercial crude oil inventory accumulation is prominent, but the negative impact on the futures price may be limited [5] Price Performance - On Thursday night, the domestic crude oil futures 2507 contract showed a slightly stronger - than - expected trend, with the futures price rising slightly by 1.64% to 459.6 yuan per barrel [5]

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Report's Core View - The crude oil futures 2507 contract is expected to run with a slightly bullish trend in the short - term (Wednesday night), while showing a weakening trend in the medium - term. The market is currently digesting bearish factors, and after the holiday, the contract opened lower to absorb the negative news. With the price rebounding slightly on Tuesday night, it may maintain a slightly bullish trend on Wednesday night [1][5]. 3. Summary by Related Catalogs Crude Oil (SC) Market Analysis - **Supply Situation**: OPEC+ countries will increase production at a faster pace in June, and U.S. shale oil production is also growing steadily, leading to an increased expectation of supply surplus in the oil market [5]. - **Demand Situation**: In May, the demand for crude oil in the Northern Hemisphere remains in the off - season, and the consumption power will gradually increase in June. The refinery operating rate remains stable, and the pressure of commercial crude oil inventory accumulation is prominent [5]. - **Price Movement**: After the holiday, the domestic crude oil futures 2507 contract opened significantly lower and ran weakly to digest bearish factors. On Tuesday night, the oil price stopped falling, stabilized, and rebounded 1.62% to 457.3 yuan/barrel [5]. - **Outlook**: It is expected that the crude oil futures 2507 contract will maintain a slightly bullish trend on Wednesday night [5].