Penghua CNI Oil&Gas ETF rose over 1.6%, and replenishment demand may further catalyze the cyclical uptrend

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2026.03.19 07:09
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The UAE Ministry of Foreign Affairs condemned the attacks on the Habshan gas facilities and the Bab oil field, stating that they have successfully intercepted the attacks without causing any casualties. CITIC Securities pointed out that changes in the capacity of the Strait of Hormuz may affect the supply chain, and the demand for restocking could become a catalyst for the upward cycle. The CNI Oil&Gas Index rose by 1.79%, and the Penghua Oil ETF increased by 1.67%