Oil & gas producers jumped in Hong Kong market. United Energy Group up 10%; CNOOC, PetroChina up over 3%; SINOPEC up over 1%.
Oil prices rose more than 1.5% in Asian trade, extending gains for a third day on Thursday, on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region.
Brent crude futures rose 83 cents, or 1.23%, to $68.20 a barrel. U.S. West Texas Intermediate crude climbed $0.93, or 1.47%, to $64.14 a barrel.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments