U.S. API crude stocks rose 3.296 mln bbl in the week to July 24, vs. an expected draw of 1.35 mln bbl and a prior build of 2.603 mln bbl.

Key News 1. Ministry of Finance and State Taxation Administration: Adjustments to urban land use tax policy for some energy and resource industry enterprises. 2. my country's robot industry chain is experiencing a surge in orders, with some robot companies receiving orders for tens of thousands of units in a single month. 3. Ministry of Commerce responds to US Section 301 investigation on production capacity issues: Will closely monitor developments and reserves the right to take necessary measures. 4. Head of the Treaty and Law Department of the Ministry of Commerce answers reporters' questions regarding the WTO panel report on China's dispute with Turkey over restrictions on electric vehicles and other vehicles. Individual Stock News 1. Zhongji Xuchuang: Chairman proposes a share buyback program of 4-8 billion yuan. 2. Zhongji Xuchuang: The company's 1.6T ASP is far higher than market rumors; some key customers have provided new product guidance for 2028, and the amount is substantial. 3. Cambricon: Plans to implement a 5 million share restricted stock incentive plan, with performance targets including cumulative revenue of no less than 100 billion yuan from 2026 to 2028. 4. Zhonghong Medical: Net profit is expected to increase by 2338%–3557% year-on-year in the first half of 2026. 5. Shanxi Coking Coal: Three mines have ceased production, with a total approved annual capacity of 8.2 million tons. 6. BOE Technology Group: Beijing Electric Control plans to increase its stake in the company by 500 million to 1 billion yuan. 7. Jiuzhou Rail Transit: Its wholly-owned subsidiary plans to invest 630 million yuan to construct an advanced semiconductor wafer laser stealth cutting industrialization project. 8. China State Construction Engineering Corporation: Signed a contract for a wastewater treatment plant and supporting projects in North Qabad, Kuwait, worth approximately 22.4 billion yuan.

Iran's Deputy Foreign Minister: The United States' formation of a committee composed of the United States, Israel, and Lebanon violates the memorandum of understanding.