HK Stock Market Move | Afternoon oil stocks rose, and the global crude oil trade flow is accelerating restructuring. Short-term oil price support is relatively strong.
In the afternoon, oil stocks saw their gains increase. As of the time of writing, Sinopec (00386) was up 2.9% at 5.67 Hong Kong dollars; CNOOC (00883) was up 1.45% at 25.16 Hong Kong dollars; COSL (02883) was up 1.36% at 9.7 Hong Kong dollars; PetroChina (00857) was up 1.17% at 9.49 Hong Kong dollars.
Oil stocks increased in the afternoon, as of the deadline, Sinopec (00386) rose 2.9% to 5.67 Hong Kong dollars; CNOOC (00883) rose 1.45% to 25.16 Hong Kong dollars; China Oilfield Services (02883) rose 1.36% to 9.7 Hong Kong dollars; PetroChina (00857) rose 1.17% to 9.49 Hong Kong dollars.
In terms of news, according to CCTV reports, as the US military prepares for possible attacks on Iran, the US Department of Defense has directed the deployment of the second aircraft carrier strike group to the Middle East. US President Trump had previously stated that he was considering sending a second aircraft carrier strike group to the Middle East to prepare for military action in case negotiations with Iran fail.
Ping An Securities pointed out that the uncertainty in the Iran situation remains strong, combined with the US-India reaching a trade agreement, India's commitment to stop importing Russian oil and increase purchases of American and Venezuelan oil. The global crude oil trade flow is accelerating restructuring, with short-term oil price support biased towards strength.
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