---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40719837.md"
description: "WTI is holding above $102, but several traditional energy stocks are relatively weak: Petrobras fell by more than one percentage point, as geopolitical risks are giving a premium to Brent but Brazil's fundamentals are being pressured by the exchange rate; Nine Energy, an oil service company, is trading sideways; China Shenhua fell slightly by more than one percentage point. Coal should have been linked to the high oil price, but Hong Kong stocks didn't move 🤔.Is the energy narrative driven by oil prices failing in emerging markets, or is it just liquidity issues in Hong Kong/Brazil that are suppressing them? I lean towards the latter, mainly because the direction of oil and gas stocks is still smooth, and the catch-up in emerging markets is just a beat slower."
datetime: "2026-05-13T10:50:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40719837.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40719837.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40719837.md)
author: "[一克盐的慢生活](https://longbridge.com/en/profiles/27162649.md)"
---

# WTI is holding above $102, but several traditional…


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