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

Research Reports Exploration | HTSC: China Petroleum & Chemical Corporation's profitability is expected to continue improving, maintaining a "Buy" rating.

Gelonghui January 3 | HTSC Research Reports pointed out that since Q4, with the Northern Hemisphere entering the seasonal off-season, the quarterly average price of Brent has dropped by 10.7%/6.0% year-on-year to $74.01 per barrel. Against a backdrop of overall supply easing Globally, oil prices may face downward pressure in the short term. In terms of refining and chemicals, since Q4, the domestic PMI has returned above the line of prosperity and decline, with signs of warming in Infrastructure activities and Logistics Transportation, and the price spread of diesel and some refining products has seen some recovery. It is believed that China Petroleum & Chemical Corporation (600028.SH) has significant advantages in upstream and downstream coordination, which will lead to a recovery in demand and the supply of certain products by 2025.

Gelonghui FinanceJan 3 14:31 · Ratings

EIA Crude Oil Product inventories decreased by 1.178 million barrels month-on-month, a decrease lower than market expectations.

In the USA, commercial Crude Oil Product inventories excluding the Strategic Reserve decreased by 1.178 million barrels to 0.416 billion barrels, the lowest level since the week of September 20, 2024, with a decline of 0.28%.

Golden10 DataJan 3 00:04

Starting tomorrow, the mainland will raise the prices of refined oil.

According to the announcement by the National Development and Reform Commission, based on recent changes in international market oil prices and in accordance with the current pricing mechanism for refined oil products, starting from January 2, 2025, at 24:00, the domestic prices of gasoline and diesel will each increase by 70 yuan per ton (the same below). In terms of price per liter, the price of 92 RBOB Gasoline will rise by 0.05 yuan per liter, while both 95 RBOB Gasoline and 0 diesel will increase by 0.06 yuan per liter. After this price hike, the cost of fuel for Consumers will slightly increase. For an ordinary private car with a tank capacity of 50L, the owner will spend around 2.5 yuan more to fill up a tank of 92 RBOB Gasoline; for a large logistics transport vehicle fully loaded with 50 tons, the average cost will increase for every 100 kilometers driven.

AASTOCKSJan 2 17:03

Express News | China Petroleum & Chemical Corporation has invested in Longhe Asia Vets.

BreakingsJan 2 10:18

Daily Bull and Bear | The Hong Kong Index night futures closed at 20,087 points, with the latest bull-bear street position ratio at 63:37; Semiconductor Manufacturing International Corporation fell by nearly 3%, and one bear certificate rose by 50% at its

As of market close, the total market turnover was 74.521 billion Hong Kong dollars, with a total turnover of all warrants and callable bull/bear contracts reaching 4.848 billion Hong Kong dollars, accounting for 6.5% of the total market turnover. Among these, long positions accounted for 4.0%, while short positions accounted for 2.5%, and the net Inflow of funds in warrants was 28.7297 million Hong Kong dollars.

Futu NewsJan 2 08:49