【燃油是反弹还是反转？】金十期货特约光大期货点评：今日能源板块领涨大宗商品，盘中燃油2507合约涨超2%，占据涨幅榜首。来看看背后的基本面，供应方面，短期受特朗普关税政策力度下降的影响，外盘原油反弹带动燃料油生产成本回升，但是需要注意原油和燃油的供应压力在回升。4月3日沙特联合七个OPEC+成员国突然宣布加速解除220万桶/日的减产计划，令5月全球原油供应骤增41.1万桶/日；截至4月7日当周，新加坡燃料油库存录得2202.1万桶，环比前一周增加1.44%，富查伊拉燃料油库存录得1328.5万桶，环比前一周增加1.86%。需求方面，国内炼化需求持续疲软，上周山东地炼常减压开工率环比下跌0.52个百分点。但需要注意的是，随着南亚国家进入夏季用电高峰，高硫 180CST 燃料油发电需求将回升。综合来看，盘面跟随原油价格同步反弹，关注前期两个跳空缺口的阻力情况。
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