Glonghui, Feb. 20 | UBS released a weekly report on China's oil and gas and chemical stocks, indicating that the average price of Brent oil rose 3.3% weekly to $82.5 per barrel last week, mainly driven by geopolitical factors, including rising tension in the Middle East and the ongoing Russian-Ukrainian conflict. With geopolitical factors boosting oil prices, it is believed that three barrels of oil, namely CNPC, Sinopec, and CNOOC, will benefit. The report also mentioned that R22/R134A snow prices increased by 7% and 2% respectively last week, and the relevant stocks preferred Dongyue and Sanmei shares.
大行评级｜瑞银：地缘政治因素提振油价 三桶油将会受惠
Bank Ratings | UBS: Three barrels of oil will benefit from geopolitical factors boosting oil prices
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