Oil prices have risen for five consecutive times, Energy stocks lead the rise in U.S. stocks. What is the market anticipating?

The rise in oil prices is mainly due to the market's expectation of the Trump administration's upcoming sanctions against Iran, Venezuela, and Russia, which will lead to a reduction in Global Crude Oil Product supply, causing Energy Stocks to strengthen and become the stocks with the largest increase this week.

wallstreetcnJan 4 18:14

Hong Kong stocks are moving differently | Petroleum stocks are collectively rising as the cold wave in the USA drives Crude Oil Product fluctuations upwards. Institutions continue to be Bullish on the long-term value of the "three major oil companies."

Petroleum stocks collectively rose, as of the time of publication, China Oilfield Services (02883) increased by 3.2%, reaching 7.1 Hong Kong dollars; Sinopec (00386) rose by 2.51%, reaching 4.49 Hong Kong dollars; CNOOC (00883) increased by 1.971%, reaching 19.22 Hong Kong dollars.

Zhitong FinanceDec 31, 2024 11:29

Ignoring OPEC+'s decision to postpone production cuts, Kazakhstan still plans to increase its oil production by 2025.

Kazakhstan insists on increasing its oil production next year, which may further exacerbate tensions with its OPEC+ partners.

Zhitong FinanceDec 18, 2024 15:01

HONGHUA GROUP (00196) subsidiary successfully won a two-year contract for Shale Oil fracturing services.

HONGHUA GROUP (00196) announced that its subsidiary SiChuan HONGHUA Electric Co., Ltd. (HONGHUA Electric)...

Zhitong FinanceDec 16, 2024 20:22

Honghua Group Plans Strategic Framework Agreements

TipRanksDec 13, 2024 17:37

Honghua Group Announces Major Deals With Dongfang Electric

TipRanksDec 11, 2024 00:24