Jinwu finance news | Petroleum stocks fell across the board. As of press time, Kunlun Energy (00135) fell 2.61%, PetroChina (00857) fell 2.06%, Sinopec Corp (00386) fell 1.59%, and Sino Oil & Gas (00702) and CNOOC (00883) followed suit.
On the news front, Hurricane Beryl did not cause significant damage to crude oil production and refining infrastructure along the Gulf of Mexico, easing concerns about supply tightness, and international oil prices fell. Overnight, NYMEX crude oil futures closed at $81.41 per barrel, down 92 cents, or 1.1%, while Brent crude oil futures in London closed at $84.66 per barrel, down 1.09 cents, or 1.3%.