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Capital Flow | Beishui explosively buys more than 5.8 billion Hong Kong dollars of Alibaba, while CNOOC is being sold off.
Track the latest trends of southbound funds.
Hold Rating on CNOOC Limited Amid Oil Price Volatility and Market Shift Concerns
"Three Barrels of Oil" under pressure, CNOOC (00883) falls by 4.98%. Market concerns about the disruption of Libyan supplies easing, international oil prices fall.
Kingwu finance news | The 'Three Barrels of Oil' are under pressure, with CNOOC (00883) falling by 4.98%, PetroChina (00857) falling by 4.24%, and Sinopec (00386) falling by 2.69%. On the news front, a 'compromise' has been reached on the leadership of the central bank of OPEC member countries by various factions in Libya, paving the way for the resumption of some crude oil production, easing concerns about disruptions to Libyan supply. In addition, the US Energy Information Administration (EIA) announced that US crude oil inventories fell by 4.471 million barrels last week, compared to market expectations of a decrease of 1.354 million barrels. International oil prices fell yesterday, with New York futures closing at per barrel.
Negotiations to restart the crisis at the Central Bank of Libya, recent warming in oil prices may return to a downward trend.
The competitors of this OPEC country's government have differences regarding the central bank governor issue; the stalemate has led to a significant decrease in crude oil production, triggering a tense mediation.
Oil: The End of an Era – Rabobank
OPEC has raised its global medium to long-term petroleum demand expectations, with PetroChina's stock rising by over 4%.
How do institutions view the new energy fund transformation plan? What other news is currently driving the rise in oil prices?
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