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Rising oil prices on the outside have driven petroleum stocks to generally rise, with CNOOC (00883) up 2.18%.
King's Financial News: Peripheral oil prices surged, driving petroleum stocks generally higher. CNOOC (00883) rose by 2.18%, PetroChina (00857) rose by 1.95%, yanchang petro (00346) rose by 1.79%, kunlun energy (00135) rose by 1.72%, Sinopec (00386), Sinopec Shanghai (00338) followed suit. Due to market concerns that the conflict between Israel and Lebanon may escalate again, and closely monitoring this week's OPEC+ meeting, it is expected that there may be an announcement to extend the oil production reduction measures, leading to an international oil price increase. Overnight, New York crude oil closed at $69.94 per barrel.
What Investors Should Note From IEA's Latest Oil Market Report
Behind the sharp drop in oil prices, jpmorgan's "confusion": where did the sudden emergence of 45 million barrels of oil in the market come from?
JPMorgan believes that global crude oil inventories are underestimated as a key factor. The additional inventories may be stored in underground facilities, causing satellite monitoring companies to be unable to accurately track specific changes. Oil industry authority Ilia Bouchouev stated that when estimating crude oil supply and demand data, investors are like groping in the dark, making it difficult to obtain accurate results.
Petroleum Futures Weaken on Move to Winter-Grade Gasoline -- OPIS
A new round of price adjustment window will open tonight, with 95-octane gasoline possibly rising into the "era of 8 yuan".
Is the domestic oil price going to rise again?
Oil: Geopolitical Tensions Remain at a Boil – TDS
