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Oil Prices Rise as OPEC+ Seen Delaying Supply Hike While U.S. Inventories Rose Last Week
Crude Oil Prices Stabilize as Market Pits Geopolitical Tensions and Supply Cut Extensions Against Weak Demand
Sinopec Corp (00386.HK) spent 11.8496 million Hong Kong dollars to repurchase 2.76 million shares on December 4.
December 4, Gront Capital: Sinopec Corp (00386.HK) announced that on December 4, 2024, it spent 11.8496 million Hong Kong dollars to repurchase 2.76 million shares at a repurchase price of 4.2-4.35 Hong Kong dollars per share.
Clarkson Research: It is initially estimated that the global marine transportation of crude oil trade volume will increase by 2.7% in 2025.
Clarkson Research published a study report stating that the preliminary estimate for the global marine transportation crude oil trade volume is expected to grow by 2.7% in 2025.
OPEC+ production increase plan may be delayed by three months, and crude oil prices have seen the largest two-week gain in two weeks.
The sanctions on Iran's crude oil product and the expected OPEC+ production agreement are jointly driving up oil prices.
Two news stories boost international oil prices, petrochina's Hong Kong stocks rose nearly 4%.
① Why did the usa announce sanctions on Iranian oil? ② What effects will OPEC+'s delay in increasing production have on the crude oil product market?
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102329055 : Do people still care what's going to be announce this Saturday?
Thelord 102329055 : Sure announce useless things and Monday gonna dump very hard again
102329055 Thelord : Can they afford to say useless stuff?
10baggerbamm 102329055 : are you kidding me I got news for you if China does not stimulate again the economy in a very big way Monday you're going to lose BIG%, it's going to be a gap down before you can even get out. if they do this monster gargantuan stimulus that's was supposedly going to happen on Monday if they do that on Saturday then it's an enormous Gap up on Monday morning it won't be as high as the last leg up the first time and that's because the first time you had huge shorts in the marketplace but you will see about a 50% retracement of what the former high was to the recent sell off the lows this week
Thelord 102329055 : They never fail to shoot at their own feet
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