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CCB Futures Crude Oil Daily Report — March 18, 2026

Summary

CCB Futures (建信期货) daily report from March 18 captures the market in active crisis mode. WTI closed at $93.23 (-3.73%), Brent at $101.02 (-2.06%), Shanghai crude (SC) at 761.2 CNY/b (-1.19%). US Treasury Secretary attempted to calm markets, stating no objection to Iranian ships transiting the Strait and claiming no futures market intervention. Despite the pullback, the crisis continued to escalate with Iran attacking the UAE's Shah gas field.

Key Data Points

  • WTI: $93.23/b (close), range $91.82-$99.95
  • Brent: $101.02/b (close), range $99.54-$106.50
  • Shanghai Crude (SC): 761.2 CNY/b, range 713.9-777.7
  • Volume: WTI 363.9k lots, Brent 467.8k lots, SC 172.5k lots

Key Claims & News

  • US Treasury Secretary tried to calm markets — "no objection to Iranian ships through the Strait," claims no futures market intervention
  • Iran attacked UAE's Shah gas field (operated by ADNOC & Occidental Petroleum), causing fire — first attack on UAE upstream oil/gas facilities
  • Fujairah port suspended oil loading operations
  • JP Morgan estimates production cuts approaching 10 million b/d
  • US proposed organizing a fleet to escort ships through Strait of Hormuz
  • Iraq oil minister in contact with Iran to allow partial tanker passage through Hormuz
  • CCB recommends options hedging due to extreme volatility

涉及实体

  • iran — attacking UAE gas facilities, retaliating
  • uae — Shah gas field attacked, Fujairah port suspended
  • strait-of-hormuz — US naval escort proposed
  • crude-oil — extreme volatility, $90-107 range

参考资料

  • Original file: files/extracted/产业链框架数据(更迭/文本数据/研究报告/建信期货/原油日报/原油日报20260318.pdf
  • Analysts: Li Jie CFA (crude/bitumen), Ren Junchi (PTA/MEG), Peng Jinglin (polyolefins)