Report Summary 1. Report Investment Rating for the Industry - No investment rating for the industry is provided in the report. 2. Core Viewpoints of the Report - For crude oil 2510, it is expected to run weakly in the short - term, mid - term, and intraday, with a core logic of being suppressed by bearish factors and showing a weak and volatile trend [1]. - In the intraday view, crude oil (SC) is expected to be volatile and strong, and in the mid - term, it is expected to be volatile, with a reference view of running strongly. Overall, it is expected to maintain a volatile and stable trend on Wednesday [5]. 3. Summary According to Relevant Content 3.1 Crude Oil 2510 - **Short - term**: The short - term view is volatile, the mid - term view is volatile, and the intraday view is weakly volatile. The reference view is running weakly, and the core logic is that bearish factors suppress the price, leading to a weak and volatile trend [1]. 3.2 Crude Oil (SC) - **Intraday and Mid - term Views**: The intraday view is strongly volatile, and the mid - term view is volatile, with a reference view of running strongly [5]. - **Core Logic**: There are both bullish and bearish factors at the macro level. Trump's tariff war and the potential Fed rate cut coexist. OPEC+ is increasing production, and the supply pressure is rising. The demand is in the peak season, but there is a risk of a decline due to seasonal factors. After the digestion of bullish factors, the domestic crude oil futures 2510 contract showed a weakly volatile trend on Tuesday night, with the price slightly down 0.37% to 490.8 yuan/barrel, and it is expected to be volatile and stable on Wednesday [5].