另外，银河期货表示，中期看OPEC推迟退出减产对原油市场有一定支撑，在原油市场低位震荡之后不排除市场反弹的可能，但由于反弹后OPEC退出减产的可能性加大，所以反弹空间也不会太大。长期看后期在非OPEC国家增产及国际原油需求增速下降尤其是OPEC可能退出减产的压力下原油市场仍然可能下跌。Petroleum stocks rose collectively. As of press release, Sinopec (00386) rose 3.05% to HK$4.39; CNOOC (00883) rose 1.65% to HK$18.46; and Kunlun Energy (00135) rose 1.24% to HK$7.32.
The Zhitong Finance App learned that petroleum stocks rose collectively. As of press release, Sinopec (00386) rose 3.05% to HK$4.39; CNOOC (00883) rose 1.65% to HK$18.46; Kunlun Energy (00135) rose 1.24% to HK$7.32; and CNPC (00857) rose 1.07% to HK$5.66.
According to the news, oil prices rebounded yesterday due to Hurricane Francine disrupting oil production in the Gulf of Mexico. WTI's October crude oil futures closed up 1.66 US dollars, or 2.46%, to 68.97 US dollars/barrel; Brent crude oil futures closed up 1.36 US dollars, or 1.92%, to 71.97 US dollars/barrel in November. According to reports, due to the ravages of tropical storm “Francine,” about 42% of crude oil production facilities in the US Gulf of Mexico have now been shut down.
Furthermore, Galaxy Futures said that in the medium term, OPEC's delay in withdrawing from production cuts has some support for the crude oil market. After the crude oil market fluctuates at a low level, the possibility of a market rebound is not ruled out, but since the possibility of OPEC withdrawing and cutting production increases after the rebound, there is not much room for a rebound. Looking at the long term, the crude oil market may still decline in the later stages under increased production in non-OPEC countries and a decline in the growth rate of international crude oil demand, especially when OPEC may withdraw from production cuts.
