【一德期货：预计随着宏观情绪的修复和地缘的升温，原油低估值大概率得到修复】金十期货5月7日讯，目前，市场主流认为OPEC+会在2025年10月退出220万桶/日的自愿减产。长期来看，按照目前的增产计划，如果未来7月-10月平均每个月增产31万桶/日，那么到10月底刚好退出。通过我们的模型计算，在极端情况下，如果不考补偿减产的执行情况，同时OPEC+增产的原油完全算在美国库存的累库上，那么WTI首行估值每个月会下修约2-3美元/桶。短期来看，原油仍低于基本面估值运行，预计随着宏观情绪的修复和地缘的升温，低估值大概率得到修复。
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