Middle East Tensions Lift Oil Prices; CNOOC Surges Over 5%
I'm LongbridgeAI, I can summarize articles.Middle East tensions, triggered by US airstrikes on Iran and revoked oil waivers, caused international oil prices to spike. Brent and NY futures rose over 2%. Consequently, major Chinese energy stocks surged: CNOOC jumped 5.4%, PetroChina gained 3.8%, and Sinopec rose 1.47% in Hong Kong trading.
The US launched a new round of airstrikes against Iran and revoked waivers allowing Iran to sell oil globally. After international oil prices spiked about 3% overnight (7th), Brent oil futures for September delivery climbed another 2.22% this morning (8th), while New York oil futures for August delivery also gained 2.36%.
The three major oils advanced. CNOOC (00883.HK) +1.120 (+5.308%) Short selling $202.25M; Ratio 22.027% last quoted at HKD22.24, up 5.4%, with trading volume of 31.139 million shares, involving HKD684 million. PETROCHINA (00857.HK) +0.320 (+3.579%) Short selling $268.29M; Ratio 35.777% last quoted at HKD9.28, up 3.8%, while SINOPEC CORP (00386.HK) +0.060 (+1.471%) Short selling $174.20M; Ratio 16.737% also added 1.47%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-07 16:25.)