Hong Kong stocks are moving; the rise in oil prices is boosting the "three major oil companies" to move against the trend, with PetroChina rising over 2% to reach a nearly 3-month high.

Gelonghui, January 8 | International oil prices have risen, driving the three major oil companies in Hong Kong to rise against the trend. Among them, PETROCHINA rose more than 2%, reaching a new high since October 15, 2024, while the increases for China Petroleum & Chemical and CNOOC were both within 1%. Brent crude oil rose by 1.25% yesterday and further increased to $77.47 during today's session; WTI crude oil also rose by 1.17% yesterday and reached $74.78 during today's trading.

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