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Oil at Four-Month High Amid New Sanctions on Russia
International oil prices have risen, driving Petroleum stocks to move against the market trend. CNOOC (00883) increased by 2.34%. Institutions indicate that oil prices are likely to rise overall throughout the year, but difficult to fall.
Jinwu Financial News | International oil prices have risen, driving Petroleum stocks to perform well against the trend. CHINA OIL (00883) rose by 2.34%, CHINA OILFIELD (02883) rose by 2.31%, and PetroChina (00857) rose by 1.48%. Brent crude oil rose by 1.66% to $80.49 per barrel, while New York crude oil rose by 1.68% to $77.097 per barrel. CITIC SEC stated that since the beginning of the year, the oil market and other CSI Commodity Equity Index markets have shown bright trends, mainly due to better-than-expected macroeconomic data from the USA during the peak winter energy consumption period, combined with disruptions from geopolitical conflicts in the trading environment.
Hong Kong stocks are moving differently | Petroleum stocks are rising against the trend as the U.S. implements a new round of sanctions on Russia. Goldman Sachs indicates that Global oil supply expectations are tightening rapidly.
Petroleum stocks are performing strongly against the market trend. As of the time of reporting, China Oilfield Services (02883) rose by 2.74%, reaching 7.12 Hong Kong dollars; China National Oil (00883) increased by 2.87%, reaching 19.36 Hong Kong dollars; PetroChina (00857) rose by 1.8%, reaching 6.21 Hong Kong dollars; Sinopec (00386) increased by 0.23%, reaching 4.35 Hong Kong dollars.
"Oil Bull" makes a comeback! With the US, UK, and Japan sanctioning Russia, is a Global Energy storm arising again?
Market Call sentiment returns.
Oil Surges As US Unleashes Toughest Sanctions On Russia's Energy Sector
Oil Prices Pop on Icy Weather, More Sanctions -- WSJ
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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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