Oil prices jumped on the day, and energy stocks followed with an independent trend. $ExxonMobil(XOM.US), $Chevron(CVX.US), and China Shenhua all saw small gains with similar magnitudes; Yankuang Energy rose by about six points, with the thermal coal price index rising across the board. Institutions are beginning to pay attention to the supply-demand mismatch caused by the combination of high temperatures and inventory destocking; International Gold Group rose by four points, following the gold price trend.

In the Hong Kong stock market, coal stocks strengthened against the Hang Seng Index's -1.49% drop. The logic is not entirely the same as in the US oil and gas market—the US market prices in the crude oil spot shortage, while the Hong Kong coal market prices in the upward shift of the price center during the domestic electricity coal peak season.

A seasonal variable and a supply variable happened to push energy stocks in both markets in the same direction on the same day. With the interim report window approaching, whether the coal price center can hold up is more worth watching than this round of oil price jumps.