Editor / Futu Information Bob
According to Futu News on Sept. 17, US stocks, especially the ESPP plate, fell sharply, down 3.8% as of press time, with a turnover of US $166 million.
Source: Futu Securities
In addition, Dunberry Resources fell 12.18%, Caron Oil fell 7.61%, Schlumberger fell 4.22%, BP P.L.C. fell 1.55%, Chevron Corp fell 0.15%, and Exxon Mobil Corp Oil fell 0.52%.CEO.US (CNOOC) fell 2.73%, Petrochina Company Limited (PTR.US) fell 2.84% and China Petroleum & Chemical Corp (SNP.US) fell 3.95%.
Source: Futu Securities
Us airline stocks reboundedAs of press time, American Airlines is up 4.32%, United Continental Airlines is up 2.5%, JetBlue is up 2.49%, Delta Airlines is up 1.06%, and Southwest Airlines is up 0.02%.
It is reported that the Saudi government plans to export oil reserves to make up for lost production, and oil production is expected to fully recover in the next 2-3 weeks. Saudi Arabia is close to restoring 70 per cent of its 5.7 million b / d production loss, after showing a recovery of 40 per cent. Saudi Aramco's Abqaiq plant was hit by devastating air strikes over the weekend, with the market focused on the timing of Saudi output recovery and warming in the Middle East, where much of the capacity had been expected to take weeks or months to recover.
JPMorgan Chase & Co (JP Morgan) believes that oil prices will have little impact on the stock market until oil prices rise to $80 to $85 a barrel.
The ① crude oil market continues to be affected by the attack on Saudi equipment, and oil prices remain at a high level. Affected by the attack on Saudi Aramco crude oil equipment on Monday, the prices of Brent and WTI crude oil rose sharply.
② JPMorgan Chase & Co Marko Kolanovic said that when the oil price is stable, it is related to the S & P 500 index. But when the price rises sharply, the correlation will weaken, or even become negative.
③ Kolanovic pointed out that higher oil prices will affect consumer spending, but will have a positive impact on the energy sector. Both crude oil and natural gas prices are expected to rise, which will push energy stocks higher.
Bank of France and Pakistan: the market is focusing on the response of IEA and OPEC+ oil producers to Saudi supply disruptions
After the attack on the Saudi Abqaiq refinery, there may be two ways for the oil market to absorb the impact of Saudi oil supply disruptions; one is that the International Energy Agency (IEA) can decide to recommend the release of strategic oil reserves, as it has done in the event of supply disruptions; and whether OPEC+ oil-producing countries will continue to reduce production. The attack reduced Saudi production by about 5.7 million b / d, while Kuwait, the United Arab Emirates and Russia, the three countries most likely to replenish OPEC+, can replenish a total of up to 800000 b / d, which will be a daunting task if IEA hopes to maintain a balanced supply in the oil market when Saudi oil reserves run out.