Jinwu Financial News | The sharp rise in peripheral oil prices drove up petroleum stocks in general. CNOOC (00883) rose 2.18%, CNPC (00857) rose 1.95%, Yanchang Petroleum International (00346) rose 1.79%, Kunlun Energy (00135) rose 1.72%, and Sinopec (00386) and Shanghai Petrochemical (00338) followed suit.
As the market fears that the conflict between Israel and Lebanon may intensify again, and is closely watching the OPEC+ meeting this week, it is expected that an extension of oil production reduction measures may be announced, and international oil futures have risen. The next evening, New York oil futures closed at $69.94 per barrel, up 2.7%; London Brent futures closed at $73.62 per barrel, up 2.5%.
