Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report 2. Core View - On June 5, 2025, crude oil showed intraday fluctuations, and it is recommended to hold long positions and positive spreads lightly [1] - The trend strength of crude oil is 1, indicating a relatively neutral trend [2][3] 3. Summary by Related Content International Crude Oil Prices - WTI July crude oil futures closed down $0.56 per barrel, a 0.88% decline, at $62.85 per barrel - Brent August crude oil futures closed down $0.77 per barrel, a 1.17% decline, at $64.86 per barrel - SC2507 crude oil futures closed down 5.00 yuan per barrel, a 1.07% decline, at 462.60 yuan per barrel [1] Market News and Data - The US opposes the resolution on Gaza [2] - Saudi Arabia hopes OPEC+ to accelerate oil production increases in the next few months, aiming to regain market share. It wants to increase production by at least 411,000 barrels per day in August and possibly September. OPEC+ has already agreed to increase production by 411,000 barrels per day from May to July, despite some disagreements [2] - In the week ending May 30, US crude oil exports decreased by 394,000 barrels per day to 3.907 million barrels per day; domestic production increased by 700 barrels to 13.408 million barrels per day; commercial crude oil inventories excluding strategic reserves decreased by 4.304 million barrels to 436 million barrels, a 0.98% decline; strategic petroleum reserve (SPR) inventories increased by 509,000 barrels to 401.8 million barrels, a 0.13% increase; commercial crude oil imports excluding strategic reserves were 6.346 million barrels per day, a decrease of 500,000 barrels per day from the previous week; EIA Cushing crude oil inventories were 576,000 barrels, compared with 75,000 barrels in the previous value [2] - The US proposed to temporarily allow Iran to continue uranium enrichment activities in the Iran - US nuclear negotiations [2] - OPEC's crude oil production increased by 200,000 barrels per day in May, reaching 27.54 million barrels per day [2] - Kazakhstan's national oil transporter KazTransOil supplied 230,000 tons of crude oil to Germany through the Friendship Pipeline in May [2] - Russia's Gazprom shelved the plan to develop a new natural gas distribution hub in Turkey [2]