Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCI Anticipates Venezuela Event May Lead to ST Oil Price Decline, PETROCHINA (00857.HK) to Face ST Selling Pressure
Recommend 18 Positive 19 Negative 28 |
||||
|
||||
|
The US military swiftly captured Venezuelan President Nicolas Maduro, BOCI released a research report saying. More importantly, US President Donald Trump urged American oil companies to increase investment in Venezuela's oil industry. The broker believed that Trump's remarks have a negative impact on oil prices, as Venezuela's oil output could potentially double to 2 million barrels per day given investment and time, leading to a short-term decline in oil prices. Therefore, BOCI kept rating at Neutral on the Chinese oil industry, and anticipated PETROCHINA (00857.HK) may face short-term selling pressure. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
