Understanding the Market | CNOOC Falls Over 5%, Leading the Decline in Oil Stocks. Fourth Quarter Oil Prices May Come Under Pressure, Institutions Say Dividend Trading Heat is Declining

CNOOC and PetroChina stocks continued to decline in the morning session, with oil prices in the fourth quarter likely to come under pressure. The decrease in dividend trading volume may lead to increased scrutiny on the financial condition of dividend stocks. Oil prices may turn around after approaching previous highs, while increased production by oil-producing countries and the outcome of the US election may put pressure on oil prices. The market expects the Fed to cut interest rates in September, but domestic macro liquidity is decreasing. Dividend ETF funds are still experiencing net inflows, but the crowding of dividend styles is gradually decreasing