Hong Kong Stocks Movement | Oil Stocks Rally with SINOPEC CORP (00386) Up Over 3% as Geopolitical Tensions Drive Oil Price Rebound

Stock News

2025/12/18

Oil stocks saw a collective rise in Hong Kong trading. At the time of writing, SINOPEC CORP (00386) surged 3.6% to HKD 4.61, Shanghai Petrochemical (00338) climbed 1.54% to HKD 1.32, CNOOC (00883) gained 1.09% to HKD 20.38, and PetroChina (00857) rose 1% to HKD 8.11.

The uptick follows reports that U.S. President Trump ordered a full blockade of all sanctioned oil tankers entering or leaving Venezuela on December 17, heightening market concerns over geopolitical risks and pushing oil prices higher. Brent crude rebounded above USD 60 per barrel.

Everbright Securities noted in a recent report that amid ongoing geopolitical uncertainties, the medium-to-long-term supply-demand dynamics for crude oil remain favorable. The firm maintains a bullish outlook on the "Big Three" Chinese oil giants and the oilfield services sector from a long-term investment perspective.

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At the time of writing, SINOPEC CORP (00386) surged 3.6% to HKD 4.61, Shanghai Petrochemical (00338) climbed 1.54% to HKD 1.32, CNOOC (00883) gained 1.09% to HKD 20.38, and PetroChina (00857) rose 1% to HKD 8.11.</p>\n<p>The uptick follows reports that U.S. President Trump ordered a full blockade of all sanctioned oil tankers entering or leaving Venezuela on December 17, heightening market concerns over geopolitical risks and pushing oil prices higher. Brent crude rebounded above USD 60 per barrel.</p>\n<p>Everbright Securities noted in a recent report that amid ongoing geopolitical uncertainties, the medium-to-long-term supply-demand dynamics for crude oil remain favorable. 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At the time of writing, SINOPEC CORP (00386) surged 3.6% to HKD 4.61, Shanghai Petrochemical (00338) climbed 1.54% to HKD 1.32, CNOOC (00883) gained 1.09% to HKD 20.38, and PetroChina (00857) rose 1% to HKD 8.11.</p>\n<p>The uptick follows reports that U.S. President Trump ordered a full blockade of all sanctioned oil tankers entering or leaving Venezuela on December 17, heightening market concerns over geopolitical risks and pushing oil prices higher. Brent crude rebounded above USD 60 per barrel.</p>\n<p>Everbright Securities noted in a recent report that amid ongoing geopolitical uncertainties, the medium-to-long-term supply-demand dynamics for crude oil remain favorable. The firm maintains a bullish outlook on the \"Big Three\" Chinese oil giants and the oilfield services sector from a long-term investment perspective.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0173614495.USD","symbol_name":"富達中國焦點A","start_time":0,"source_url":"","article_id":"1143245240","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143245240","pubTimestamp":1766039751,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Oil stocks saw a collective rise in Hong Kong trading. 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