According to the latest updates, oil stocks are showing notable activity despite market trends. As of the latest information, China Oilfield Services Limited (02883) has risen by 3.05% to HKD 7.10; Shanghai Petrochemical (00338) has increased by 2.94% to HKD 1.40; PetroChina (00857) is up 1.15%, priced at HKD 7.89; while CNOOC (00883) has climbed 1.04% to HKD 19.52. On the news front, on October 22, Brent crude futures saw an increase of up to 2%, reaching USD 62.41 per barrel; WTI crude futures surpassed USD 58, marking an almost 2% rise. According to Ping An Securities, the recent easing of geopolitical tensions in the Middle East has led to a reduction in oil prices' risk premium in the short term. However, the ongoing risks surrounding the Russia-Ukraine conflict and the United States-Venezuela situation continue to evolve, coupled with uncertainties regarding the current operations of the U.S. government and its external tariffs and interest rate policies, suggesting that oil prices may experience volatility.