According to the Securities Times app, petroleum stocks continue to rise. As of the time of publication, PetroChina (00857) rose by 4.34% to HK$6.49; China Oilfield Services (02883) rose by 3.9% to HK$6.93; Sinopec (00386) rose by 3.78% to HK$4.94; CNOOC (00883) rose by 2.99% to HK$20.35.

On the news front, the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission have announced several heavyweight financial policies, boosting market expectations for China's petroleum demand and preferences for capital markets. Major global economies have successively begun an interest rate cut cycle, to a certain extent, alleviating the downward risk of crude oil prices. The geopolitical tensions in the Middle East have intensified between Israel and Hezbollah, providing strong support for oil prices under broader regional conflict risks.

Everbright Securities previously stated that from a dynamic perspective, amid oil price fluctuations, it remains bullish on the long-term investment value of the 'Big Three Oil' companies. With the tense geopolitical situation in the Middle East, under the leadership of OPEC+, there is hope for a tightening of the supply and demand for crude oil, being optimistic about maintaining relatively high oil prices in 2024. The 'Big Three Oil' companies have shown strong performance resilience during oil price fluctuations, and profit centers are expected to further rise.