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Demand expectations suffer another blow, WTI falls to a new low for the year.
This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.
Hong Kong stocks surged, petroleum stocks collectively rose, hurricanes drove up crude oil prices, and OPEC's delay in reducing production supported the oil market.
Petroleum stocks collectively rose, as of the time of publication, Sinopec (00386) rose 3.05%, to HKD 4.39; CNOOC (00883) rose 1.65%, to HKD 18.46; Kunlun Energy (00135) rose 1.24%, to HKD 7.32.
The overnight rise in international oil prices has boosted the petroleum stocks.
Golden Financial News | Overnight foreign oil prices rose, driving petroleum stocks higher. Sinopec (00386) rose 2.58%, CNOOC (00883) rose 2.09%, PetroChina (00857) rose 1.61%, Kunlun Energy (00135) rose 1.43%, China Oilfield (02883) rose 0.64%. International oil futures prices rose. NYMEX crude oil closed at $68.97 per barrel, up nearly 2.5%. London Brent crude oil closed at $71.97 per barrel, up 1.9%. Hurricane "Fransin" made landfall in southern Louisiana, USA on the 11th, affecting over 0.36 million users.
Oil Futures Extend Recovery From Lows -- Market Talk
Crude Oil Extends Rebound Amid Concerns About Impact of Francine Tropical Storm on US Production
PetroChina (601857.SH): As of the first half of 2024, the company has 22,842 domestic operation gas stations.
Gelonghui, September 12th | PetroChina (601857.SH) stated on the interactive platform that as of the first half of 2024, the company operated 22,842 domestic gas stations.
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103242247 :
Guardian87 : pls give latest one
Guardian87 : just come out CPI
Guardian87 : data is out of date