The USA has implemented the "strictest measures" against Russia, and oil prices have reached a four-month high.

After increasing nearly 4% in the previous Trade, the Global benchmark Brent Crude Oil Product price rose to over $81 per barrel. The West Texas Intermediate Crude Oil Product price is close to $78.

Zhitong FinanceJan 13 10:14

Hong Kong stocks are moving differently | Petroleum stocks are rising against the trend as the U.S. implements a new round of sanctions on Russia. Goldman Sachs indicates that Global oil supply expectations are tightening rapidly.

Petroleum stocks are performing strongly against the market trend. As of the time of reporting, China Oilfield Services (02883) rose by 2.74%, reaching 7.12 Hong Kong dollars; China National Oil (00883) increased by 2.87%, reaching 19.36 Hong Kong dollars; PetroChina (00857) rose by 1.8%, reaching 6.21 Hong Kong dollars; Sinopec (00386) increased by 0.23%, reaching 4.35 Hong Kong dollars.

Zhitong FinanceJan 13 09:35

Oil: More Obstacles for Iranian Crude – ING

FXStreetJan 8 17:00

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

Middle East Oil Prices Jump on Scant Flows From Iran, Russia

BNN BloombergJan 3 17:02

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