Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
Oil Settles Up On U.S. Job Data, Mideast Tensions
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
Oil Prices Rally as Stock-market Resumes Rebound From Global Rout
WTI Edges Lower to Near $74.00 Despite Supply Concerns Due to Middle East Tensions
Oil Prices Tick Up On Sharp Fall In U.S. Crude Inventories
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Bull Run : This future oil price down indicated BB issued reports based on oil future prices hike cannot be trusted and their sell down on SIA will be unlikely hold longer. Iran strike with Israel won't affect much as US still on saction to Iran on oil export. Market still rich with oil production with OPEC
明 Meng OP Bull Run : Yes, the selling down by the BB was unjust. Disappointed.