Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoint of the Report In the week of November 9, both global on - land and floating storage crude oil inventories jumped, and the full - scope (including in - transit) inventory continued to rise to a new high for the year. Year - on - year, the inventory pressure remains high. Regionally, China's inventory decreased slightly, while inventories in India, Europe, Russia, and the Middle East all increased [1]. 3) Summary by Relevant Content - **Global Crude Oil Inventory Situation**: In the week of November 9, global on - land and floating storage crude oil inventories increased, and the full - scope (including in - transit) inventory reached a new high for the year, with high year - on - year inventory pressure [1]. - **Regional Inventory Changes**: China's inventory decreased slightly, while inventories in India, Europe, Russia, and the Middle East increased [1].