---
title: "Understanding the Market | Oil Stocks Active Against the Trend, CNOOC Services Up Over 3%, SPC Up Over 2%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262180373.md"
description: "Oil stocks are active against the market trend. As of the time of writing, CNOOC rose 3.05% to HKD 7.1; SPC rose 2.94% to HKD 1.4; PETROCHINA rose 1.15% to HKD 7.89; CNOOC rose 1.04% to HKD 19.52. On the news front, on October 22, Brent crude oil futures rose by as much as 2% to USD 62.41 per barrel; WTI crude oil futures surpassed USD 58, currently up nearly 2%. Recently, Ping An Securities pointed out that the easing of geopolitical conflicts in the Middle East has led to a withdrawal of risk premiums in oil prices in the short term, but the risks from Russia-Ukraine and US-Venezuela are still fermenting. Coupled with uncertainties regarding the operation of the US government and external tariffs and interest rate cut policies, oil prices may show a volatile trend"
datetime: "2025-10-22T07:32:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262180373.md)
  - [en](https://longbridge.com/en/news/262180373.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262180373.md)
---

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# Understanding the Market | Oil Stocks Active Against the Trend, CNOOC Services Up Over 3%, SPC Up Over 2%

According to Zhitong Finance APP, oil stocks are active against the market trend. As of the time of publication, CNOOC (02883) rose by 3.05% to HKD 7.1; SPC (00338) rose by 2.94% to 1.4%; PetroChina (00857) rose by 1.15% to HKD 7.89; CNOOC (00883) rose by 1.04% to HKD 19.52.

In terms of news, on October 22, Brent crude oil futures rose by as much as 2% to USD 62.41 per barrel; WTI crude oil futures surpassed USD 58, currently up nearly 2%. Ping An Securities recently pointed out that the easing of geopolitical conflicts in the Middle East has led to a risk premium retreat in oil prices in the short term, but the risks from Russia-Ukraine and US-Venezuela are still fermenting. Coupled with uncertainties regarding the operation of the US government and external tariffs and interest rate cut policies, oil prices may exhibit a volatile trend

### Related Stocks

- [COSL (601808.CN)](https://longbridge.com/en/quote/601808.CN.md)
- [CHINA OILFIELD (02883.HK)](https://longbridge.com/en/quote/02883.HK.md)
- [PETROCHINA (601857.CN)](https://longbridge.com/en/quote/601857.CN.md)
- [PETROCHINA (00857.HK)](https://longbridge.com/en/quote/00857.HK.md)
- [SPC (600688.CN)](https://longbridge.com/en/quote/600688.CN.md)
- [SHANGHAI PECHEM (00338.HK)](https://longbridge.com/en/quote/00338.HK.md)
- [CNOOC (600938.CN)](https://longbridge.com/en/quote/600938.CN.md)
- [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md)

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