On September 24, PETROCHINA rose 3.05% in regular trading, trading at HKD 9.635/share, with turnover of HKD 358 million. The rally came as major Chinese oil stocks advanced broadly, driven by a sharp overnight rebound in global crude prices.

On the news front, international crude oil futures posted significant gains overnight, with WTI November crude rising 1.81% to $92.16/barrel and Brent November crude surging 3.86% to $103.08/barrel — its largest single-day gain since September 10. Both benchmarks ended a five-day losing streak and pulled away from two-week lows set earlier in the week. Geopolitical tensions resurfaced after Iran's president stated at the UN General Assembly that Iran would not surrender in a war against the United States, nor accept concessions forced by sanctions or military threats.

Analyst estimates suggest that if the oil price center rises from $85 to $100 per barrel, PETROCHINA's upstream operating profit could increase by approximately RMB 28 billion. Citi previously raised its target price on PETROCHINA to HKD 12, lifting its earnings-per-share forecast by 26%. Within the Integrated Oil and Gas sector, SINOPEC CORP rose 1.12%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)