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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.
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,
Brent Oil Price Also Under Pressure Due to Demand Concerns – Commerzbank
Statistics of capital trend for China-Hong Kong Stock Connect (T+2) on July 23
Capital trend of China Connect stocks on July 23
Sinopec's Production Volumes of Oil and Gas, Crude Oil, Natural Gas Increase in H1
Hong Kong stocks unusual movement | Petroleum stocks collectively weakened due to the combined effect of easing geopolitical risks and the strengthening of the US dollar, the international oil price has significantly dropped.
Petroleum stocks collectively weakened. As of press time, China Petroleum (00857) fell 2.53%, at HKD 6.93; CNOOC (00883) fell 1.71%, at HKD 20.15; and Sinopec (00386) fell 1.06%, at HKD 4.68.
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