Glonghui, March 29 | Oil and gas stocks rose. As of 10:50, CNOOC had risen and stopped, CNPC had risen more than 6%, CNOOC and Sinopec had risen more than 3%, and the oil and gas ETF (159697) had “three barrels of oil” accounting for 41.49%, an intraday increase of 3.38%. According to the news, due to the decline in OPEC+ production capacity, the Red Sea, the geographical conflict in Russia, and multiple factors fueled by global demand, WTI crude oil futures for May rose 6.27% cumulatively in March, with a cumulative increase of about 16% in the first quarter. Galaxy Securities believes that in the near future, the market is focusing on supply-side geopolitical risks. Combined with the US refinery operating rate, the operating rate of US refineries is expected to continue to rise, and oil prices may continue to operate at medium to high levels. The oil and gas ETF (159697) is the first ETF to lay out A-share oil and gas. The underlying index increased by 9.98% annualized in the past four years, and the dividend rate reached 4.47% in 2023. It has both real growth and high dividend attributes. Industry insiders pointed out that in a volatile market environment, high-dividend assets are popular, and the oil and gas sector's central enterprise market, represented by “three barrels of oil,” performed well.