Jingu Finance News | The surge in external oil prices has generally boosted petroleum stocks, with CNOOC (00883) up 2.18%, PetroChina (00857) up 1.95%, Yanchang Petro International (00346) up 1.79%, Kunlun Energy (00135) up 1.72%, Sinopec (00386), and Sinopec Shanghai (00338) following the upward trend.

Due to market concerns that the conflict between Israel and Lebanon may escalate again, and close monitoring of this week's OPEC+ meeting, it is expected that they may announce an extension of petroleum production cuts, leading to an increase in international crude oil prices. Overnight, New York crude oil closed at $69.94 per barrel, up 2.7%; London Brent crude closed at $73.62 per barrel, up 2.5%.