---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42825072.md"
description: "This round of oil price increases is driven by the supply side: WTI has climbed to $83, rising nearly two points in a single day, while the geopolitical premium from the Middle East continues to accumulate, and the US Dollar Index has simultaneously surged to its highest level since February.In the stock market, $CNOOC(00883.HK) rose by five percent today with increased volume; Southbound capital's preference for high-dividend oil and gas stocks, combined with rising oil prices, has led to smooth performance. $Occidental Petroleum(OXY.US) remained flat, while $SHANDONG MOLONG(00568.HK) saw a slight increase. Large-cap US stocks and small-cap oil service stocks showed lower sensitivity to geopolitical factors.On the same day, copper prices also rose, but this was due to supply disruptions in Latin America, not a demand signal—the combination of rising oil and copper prices alongside a strengthening dollar resembles the onset of stagflation rather than recovery. The geopolitical premium can be withdrawn overnight as well; for oil and gas positions, it's best to take the main body of the fish (the middle part of the move) rather than gambling on the tail end."
datetime: "2026-07-21T10:21:00.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42825072.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42825072.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42825072.md)
author: "[一克盐的慢生活](https://longbridge.com/en/profiles/27162649.md)"
---

# This round of oil price increases is driven by the…


### Related Stocks

- [00883.HK](https://longbridge.com/en/quote/00883.HK.md)
- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [00568.HK](https://longbridge.com/en/quote/00568.HK.md)
- [600938.CN](https://longbridge.com/en/quote/600938.CN.md)
- [80883.HK](https://longbridge.com/en/quote/80883.HK.md)
- [002490.CN](https://longbridge.com/en/quote/002490.CN.md)