Oils Hike

The Red Sea situation stimulated freight prices. Shippers $OOIL(00316.HK)$ and $COSCO SHIP HOLD(01919.HK)$ added 3.5% and 4.2%, while $SITC(01308.HK)$ advanced 5.1%. Oil prices rebounded 3%. $PETROCHINA(00857.HK)$ and $CNOOC(00883.HK)$ gained 2.7% and 2.8%.