The oil and petrochemical sector launched an aggressive rally at the open today (October 8), with shipping stocks leading gains, while gas and oil & gas equipment segments also posted strong performances.

As of press time, China Merchants Energy Shipping Co., Ltd. (ASX: 601872) shares hit the daily limit up, Cosco Shipping Energy Transportation Co., Ltd. (ASX: 600026) shares surged to the ceiling, and China Merchants Energy Shipping Co., Ltd. (ASX: 601975) shares also reached the limit, while Shouhua Gas Co., Ltd. (ASX: 300483) and Tongyuan Petroleum Co., Ltd. (ASX: 300164) gained more than 6%. The underlying index of Petroleum ETF Huabao (159019), the Guozheng Oil and Gas Index, rose 3.21%.

On the news front, data showed that during the National Day holiday, the TCE freight rate for the VLCC West Africa–China route climbed to US$1.3268 million per day, setting a record high. The crude oil transportation index BDT surged 419.5% year-on-year, while the refined oil transportation index BCT jumped 294% year-on-year.

The recovery of Middle East cargo volumes combined with tight vessel turnover has driven capacity to continuously cluster toward the high-yield Eastern Hemisphere, with freight rates for Suezmax and Aframax vessel types strengthening in tandem.

Some analysts pointed out that this round of oil transportation upswing is not a single-point explosion, but is driven by a resonance of multiple factors including cargo structure optimization, extended transshipment to the west coast of India, and Chinese refineries increasing crude oil purchases from Iraq and Qatar. The boom is spreading from VLCCs to broader regions and vessel types.

Analysts believe that compliance transportation demand is marginally strengthening, and with the peak season approaching, freight rate support remains solid.

Institutions stated that if tensions persist, the rigid supply of crude oil will give it strong resilience against declines, but the constraint of high oil prices on global demand will also intensify accordingly.

The crude oil market is currently in a tug-of-war between "strong dollar suppressing valuations" and "geopolitical conflict supporting prices," with profits in the oil and gas extraction, refining, and trading segments significantly recovering.

To gain one-click exposure to the entire oil and gas industry chain and seize the dividends of the energy security era, focus on Petroleum ETF Huabao (159019). Petroleum ETF Huabao (159019) tracks the Guozheng Oil and Natural Gas Index, with its constituent stock portfolio providing one-click coverage of 50 A-share stocks in oil and natural gas exploration and development, oil and gas equipment and services, gas transmission and distribution sales, and other oil and natural gas industry-related fields, with the "three barrels of oil" accounting for nearly 40%.

Note 1: As of the end of September 2026, the weights of PetroChina Co., Ltd. (ASX: 601857), China Petroleum & Chemical Corporation (ASX: 600028), and China National Offshore Oil Corporation (ASX: 600938) in the Guozheng Oil and Gas Index were 15.9%, 12.45%, and 13.25%, respectively.

Note 2: For fee rates, please refer to the fund legal documents. Source: Shanghai and Shenzhen Stock Exchanges, etc., as of October 8, 2026.

Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Investors must invest rationally based on their own financial conditions and risk tolerance, and pay close attention to position and risk management.

Risk disclosure: Petroleum ETF Huabao passively tracks the Guozheng Oil and Natural Gas Index, which has a base date of December 31, 2002, and was published on December 30, 2014. The constituent stock composition of the index is adjusted in a timely manner according to the index compilation rules, and its back-tested historical performance does not predict the future performance of the index. The individual stocks mentioned in this article are only objectively displayed and listed as index constituent stocks, and do not constitute any individual stock recommendation, nor do they represent the fund manager and the fund's investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors must be responsible for any investment decisions they make independently. In addition, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor do they bear any responsibility for direct or indirect losses caused by the use of the content of this article. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Information Summary," and other fund legal documents to understand the risk-return characteristics of the fund and choose products suitable for their own risk tolerance. Past performance of the fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. According to the assessment of the fund manager, the risk level of Petroleum ETF Huabao is R3-Medium Risk, suitable for investors with Balanced (C3) and above. The suitability matching opinion should be based on the sales institution. Sales institutions (including the fund manager's direct sales institution and other sales institutions) conduct risk assessments of the above funds in accordance with relevant laws and regulations, and investors should promptly pay attention to the suitability opinions issued by the fund manager. The suitability opinions of various sales institutions are not necessarily consistent, and the risk level assessment results of fund products issued by fund sales institutions shall not be lower than the risk level assessment results made by the fund manager. There are differences between the fund's risk-return characteristics and risk level in the fund contract due to different consideration factors. Investors should understand the risk-return situation of the fund, carefully choose fund products in light of their own investment objectives, time horizon, investment experience, and risk tolerance, and bear risks themselves. The registration of the above funds by the China Securities Regulatory Commission does not indicate that it has made a substantive judgment or guarantee on the investment value, market prospects, and returns of these funds. Fund investment involves risk and should be undertaken with caution. MACD golden cross signals have formed, and these stocks are performing well.