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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.
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.
Shares of Oil and Gas Companies Are Trading Higher Amid a Rebound in the Price of Oil.
Express News | Shares of Oil and Gas Companies Are Trading Higher Amid a Rebound in the Price of Oil
Equinor Raised off Sell Line at UBS as Natgas Prices Remain Higher Than Expected
Express News | UBS Upgrades Equinor to Neutral