Glonghui, Feb. 3 丨 UBS Research Report said that international oil prices continued to fluctuate in January this year, mainly affected by factors such as the recovery in Chinese demand, strong Russian pipeline oil exports, global economic indicators, and interest rate hike expectations. The spot price of Brandt crude rose slightly to an average of about $82.8 per barrel in January. The bank still expects oil demand to return to 2019 levels this year, but lowered its forecast for this year's Brandt crude oil price from $95 per barrel to $90 per barrel. The bank mentioned that due to the recent rise in prices of some chemical commodities, it is optimistic about related individual stocks, namely Longbai Group, Satellite Chemical, and Wanhua Industrial. In addition, the bank recommended Sinopec's A/H shares with low valuations and high dividends, and CNOOC Oil Services; large refining companies whose profits are expected to improve, such as Hengli Petrochemical and Rongsheng Petrochemical, as well as producers of new materials with rapidly growing demand such as Seiko Technology, Yihuatong's A/H shares, and Jingrui Electric. The above are all “buy” ratings.
- Headlines
- Big Bank Ratings | UBS: Lowering this year's oil forecast to $90 per barrel, recommending Sinopec, CNOOC Oil Services and Yihuatong
大行评级 | 瑞银:降今年布油预测至每桶90美元 荐中石化、中海油服及亿华通
Big Bank Ratings | UBS: Lowering this year's oil forecast to $90 per barrel, recommending Sinopec, CNOOC Oil Services and Yihuatong
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Got it
Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Got it
Write a comment
0 0 0
LikeLoveLaughing CryRespectEmmSadAngry
Tap to Select a Mood
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
Use the share button in your browser
to share the page with your friends
Tap here to share
No comments yet. Write one.
Related Stocks Related Stocks
Latest
20:02
Central Economic Work Conference: Next year, efforts will be made to stimulate Consumer demand, improve investment efficiency, and comprehensively expand domestic demand.
20:01
In October, Brazil's retail sales increased by 0.4% compared to the previous month and by 6.5% compared to the same period last year.
20:00
As of December 12, 2023, the central bank interest rate in Ukraine is 13.5%, with an expectation of 13% and a previous rate of 13%.
Statement
This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.