GO
| HSI1 | 23,093.37 | +158.69 | 249.78B |
| HSCEI1 | 7,756.25 | +67.06 | 87.14B |
| Back Zoom + Zoom - Block Traded | |
|
2026-10-22 17:28:27 BOC International published a research report stating that as geopolitical tensions in the Middle East escalate, traffic through two key straits in the region has been affected, while Saudi Arabia's oil infrastructure is also facing threats. Oil prices have risen to their highest level since May. The broker noted that, given the current situation is unlikely to be resolved in the short term, oil prices are expected to remain at elevated levels for an extended period. It therefore raised its 2026 oil price forecast by 9% to USD94 per barrel and increased its 2027 oil price forecast by 22% to USD90 per barrel. The broker maintained a Neutral rating on China's oil sector, while favoring companies with larger upstream business exposure such as CNOOC (00883.HK) and PETROCHINA (00857.HK). (da/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |