信达证券指出，随着利比亚动荡有所缓和利比亚原油供应或将恢复，以及美国PMI等数据低于预期，供需两端利空同时施压，国际油价承压大跌，尽管OPEC+于本周四迅速做出反应将延迟2个月退出减产，但并未改变市场对原油未来供需基本面转弱的预期，油价对利空敏感而对利多反应谨慎。该行认为，原油供给偏紧的格局并未发生根本性改变，油价高位支撑仍然存在。Petroleum stocks continued to decline, as of the time of publication, China Oilfield Services (02883) fell by 3.85% to HK$6.5; CNOOC (00883) fell by 3.83% to HK$19.06; Sinopec (00386) fell by 2.37% to HK$4.54; PetroChina (00857) fell by 3.01% to HK$6.13.
According to the Zhongtong Finance and Economics APP, petroleum stocks continued to decline, as of the time of publication, China Oilfield Services (02883) fell by 3.85% to HK$6.5; CNOOC (00883) fell by 3.83% to HK$19.06; Sinopec (00386) fell by 2.37% to HK$4.54; PetroChina (00857) fell by 3.01% to HK$6.13.
On the news front, on Friday, the US Bureau of Labor Statistics released data showing a growth of 0.142 million in non-farm employment in August, falling short of the expected 0.165 million, while the increase in employment in June and July in the US was significantly revised down by 0.061 million and 0.025 million respectively. Market concerns about economic recession and the outlook for crude oil demand have put pressure on oil prices. It is reported that WTI crude oil futures for October fell by 2.14%, accumulating a 7.99% decline last week. Brent crude oil futures for November fell by 2.21%, accumulating a 9.82% decline last week.
Cinda Securities pointed out that with the easing of turmoil in Libya, Libyan crude oil supply may resume, and with US PMI and other data falling below expectations, bearish factors on both supply and demand sides are exerting pressure. International oil prices have plummeted. Although OPEC+ quickly responded this Thursday to delay the production cutback by 2 months, it has not changed the market's expectation of a fundamental weakening in the future supply and demand fundamentals for crude oil. Oil prices are sensitive to bearish news and cautious in response to bullish news. The bank believes that the tight supply situation for crude oil has not fundamentally changed, and there is still support at high oil price levels.
