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港股概念追踪 |原油交易价格接近两个月高点 三桶油盈利中枢有望进一步上行(附概念股)

Hong Kong stock concept tracking | Crude oil product trading prices approach a two-month high point, and the profits of the three national oil companies are expected to further increase. (Attached concept stocks)

Zhitong Finance ·  Jul 1 22:25

According to the Wisers App, crude oil trading is nearing a two-month high after breaking through the recent trading range due to the escalation of tensions in the Middle East and concerns about the rapid start of the Atlantic hurricane season.

Trader assesses the escalating geopolitical risks in Europe and the Middle East, as well as hurricanes in the Caribbean.

WTI settled above $83 a barrel, the highest level since April, breaking out of last week's narrow range. Brent also closed above $86 a barrel for over two months.

According to a report from ING analysts, market expectations for tighter supply and demand continue to attract speculative funds, and the latest trader data shows net long positions increased last week.

According to documents filed with the US Securities and Exchange Commission, Buffett's Berkshire Hathaway has purchased Occidental Petroleum stocks continuously for nine working days in June, and now holds a total of 255.3 million shares, approximately 29% of the total shares, worth about $15.4 billion.

Citigroup's report pointed out that oil prices soared in the past three weeks, with Brent crude breaking through $86 per barrel. However, the bank believes that the current level of oil prices is too high and has significantly exceeded its intrinsic value under the influence of geopolitical concerns or expectations of supply and demand. It recommends that investors do not chase high prices.

Looking ahead, the bank expects uncertainty in major oil-consuming regions, including China, with particularly high risks facing oil prices in the third quarter.

However, persistent geopolitical risk pressures and tension between Russia and Ukraine and the Middle East could provide upward momentum for oil prices.

The "Big Three" oil companies have shown strong performance resilience during oil price fluctuations, and their profit centers are expected to further increase.

Crude oil industry chain-related companies:

China Petroleum (00857), CNOOC (00883), Sinopec Corp (00386), Kunlun Energy (00135)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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