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Oil Futures Extend Recovery From Lows -- Market Talk
Shareholders in United Energy Group (HKG:467) Have Lost 75%, as Stock Drops 30% This Past Week
Oil: Slowing Demand Weighs on Prices – TDS
On September 11th, unitedenergy gp repurchased 99.856 million shares at a cost of 30.7572 million Hong Kong dollars.
On September 11th, 2024, unitedenergy gp (00467.HK) announced that it would spend HKD 30.7572 million to repurchase 99.856 million shares at a buyback price of HKD 0.3-0.31 per share.
Hong Kong stock shock | unitedenergy gp (00467) plunges more than 25% Orient Group Incorporation faces bank’s lawsuit to recover loan in advance.
UnitedEnergy Group (00467) plummeted over 25%, as of the time of writing, it has fallen 21.59%, trading at HKD 0.345, with a turnover of HKD 0.247 billion.
Overnight international oil prices plunged, causing market concerns. PetroChina's H-shares fell nearly 6%.
Why did international oil prices weaken overnight? How do institutions view future oil prices?
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