Brent Oil Futures Break Above USD90 Per Barrel; CNOOC Up Over 5%, SHANDONG MOLONG Surges Over 11%
I'm LongbridgeAI, I can summarize articles.Escalating US-Iran tensions pushed Brent crude above $90/barrel, triggering a rally in Hong Kong-listed energy stocks. CNOOC rose over 5%, while Shandong Molong surged more than 11%. PetroChina and Sinopec also gained, alongside oilfield service providers like China Oilfield and Sinopec SSC, reflecting market optimism driven by higher oil prices.
The US-Iran conflict has escalated, with Brent oil futures breaking above USD90 per barrel. Hong Kong-listed oil majors rallied, with CNOOC (00883.HK) +1.160 (+5.106%) Short selling $197.70M; Ratio 14.543% now trading at HKD23.98, up 5.55%, on volume of 51.2599 million shares and turnover of HKD1.219 billion. PETROCHINA (00857.HK) +0.400 (+4.171%) Short selling $395.39M; Ratio 34.238% is now trading at HKD10.02, up 4.48%, on volume of 36.9774 million shares and turnover of HKD368 million. SINOPEC CORP (00386.HK) +0.060 (+1.408%) Short selling $225.33M; Ratio 28.986% is now trading at HKD4.32, up 1.41%.
Oilfield services stocks also performed strongly. SHANDONG MOLONG (00568.HK) +0.640 (+11.034%) is now trading at HKD6.48, up 11.72%, on volume of 71.6568 million shares and turnover of HKD462 million. CHINA OILFIELD (02883.HK) +0.290 (+4.290%) Short selling $11.74M; Ratio 17.165% is now trading at HKD7.08, up 4.73%. SINOPEC SSC (01033.HK) +0.030 (+4.918%) Short selling $3.19M; Ratio 6.203% is now trading at HKD0.65, up 6.56%. (mn/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-17 16:25.)