Oil Steadies After US Crude Stockpiles Log Fourth Weekly Draw

Yahoo Finance19:19 ET

Hong Kong stocks fluctuate | Petroleum stocks rebounded today, Sinopec (00386) rose more than 3%, API crude oil inventories exceeded expectations and reduced inventory.

Petroleum stocks rebounded today. As of the time of publication, Sinopec (00386) rose 3.55% to HKD 4.96; Kunlun Energy (00135) rose 2.85% to HKD 8.3; CNOOC (00883) rose 1.72% to HKD 20.7.

Zhitong FinanceJul 24 01:41 ET

Petroleum sector rises against the trend, Kunlun Energy (00135) rises by 2.35%. Institutions predict that international oil prices are still expected to remain relatively high.

The petroleum sector rose against the trend, as of press time, Kunlun Energy (00135) rose 2.35%, CNOOC (00883) rose 1.72%, Shanghai Petrochemical (00338) rose 0.94%, and Sinopec Corp (00386) rose 0.84%. Yongxing Securities believes that in the upstream sector, international oil prices fell slightly last week. From weekly data and EIA short-term outlook data, although U.S. crude oil production is expected to continue to grow in the next two years, the center of international oil prices is still expected to remain relatively high, which is bullish for upstream oil and gas companies. In terms of oilfield services,

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FXStreetJul 18 10:35 ET

Hong Kong stocks surge | Petroleum stocks rebound collectively, US crude oil inventory drops significantly, international oil prices stop falling and rebound.

Petroleum stocks are collectively rebounding. As of press time, China National Offshore Oil (00883) has risen by 2.84% to HKD 21.75; China Oilfield Services (02883) has risen by 2.62% to HKD 7.06; Kunlun Energy (00135) has risen by 2.59% to HKD 8.33.

Zhitong FinanceJul 18 02:44 ET