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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.
Express News | RBC Capital Maintains Outperform on Suncor Energy, Raises Price Target to C$67
Suncor Energy Second Quarter 2024 Earnings: Beats Expectations
Suncor Energy Inc Is Maintained at Market Perform by Raymond James
Suncor Energy's Price Target Raised to $67 From $65 by RBC Capital Markets