The relationship between the U.S. and Iran has eased, and international oil prices have fallen by 5%. CNOOC has dropped by over 5%

AASTOCKS
2026.02.02 06:40

U.S. President Trump stated that Iran is negotiating seriously with the United States, suggesting that tensions between the U.S. and Iran may ease. Investors lowered their concerns about the impact of the Middle East situation on supply, leading to a drop in oil prices. In April, Brent crude oil fell by 5.22% to $65.7, while March New York crude oil also dropped by 5.38% to $61.68.

The three major oil companies in Hong Kong are under pressure. CNOOC (00883.HK) is currently trading at HKD 23.02, down 5.58%, with a turnover of 130 million shares, involving HKD 3.058 billion. PetroChina (00857.HK) is currently trading at HKD 8.83, down 4.85%, with a turnover of 121 million shares, involving HKD 1.087 billion. Sinopec (00386.HK) is currently trading at HKD 5.21, down 3.16%, with a turnover of 277 million shares, involving HKD 1.465 billion

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