The oil and petrochemicals sector experienced volatile upward movement today (May 13). The Oil ETF Huabao (159019), which provides one-stop exposure to the entire oil and gas industry chain, quickly rose after opening and then maintained high-level fluctuations. Its intraday price surged over 1% at one point, and as of this writing, it is up 0.8%.
Among constituent stocks, some companies in sectors such as oil and gas equipment, natural gas, and shipping led the gains. As of this writing, 迪威尔 and 贵州燃气 both surged over 7%, 招商南油 rose over 5%, while 兰石重装, 杰瑞股份, 新天然气, and several others gained over 2%.
CITIC Securities believes the market may be underestimating the short- and medium-term upside risks for oil prices. In the short term, the Strait of Hormuz has been closed for several weeks, forcing more oil wells to shut down. Prolonged shutdowns could cause permanent damage to some production capacity. In the long term, against a backdrop of low capital expenditure, the number of U.S. drilled but uncompleted wells and new drilling rigs has repeatedly hit new lows, indicating that the high U.S. crude oil production is unsustainable. Future remaining supply and pricing power are expected to shift to the Middle East. The market had previously been overly optimistic about the resolution of conflicts in the Middle East, but real-world tensions are becoming more pronounced. Recently, the market has begun to gradually price in higher long-term oil prices.
Looking ahead, China Galaxy Securities states that the current crude oil market remains focused on the evolving geopolitical situation in the Middle East. It is expected that Brent crude prices may remain high around $100 per barrel in the short term. It is advised to closely monitor the progress of U.S.-Iran negotiations, the passage situation of the Strait of Hormuz, and the operational status of Iran's oil production facilities. It is recommended to continue focusing on assets related to oil and gas, coal-to-chemicals, and light hydrocarbon processing.
For one-stop exposure to the entire oil and gas industry chain and to capture the dividends of the energy security era, pay close attention to Oil ETF Huabao (159019). Oil ETF Huabao (159019) tracks the CNI Oil & Gas Index. Its portfolio of constituent stocks provides one-stop coverage of 50 A-shares across sectors related to the oil and gas industry, including exploration and production, equipment and services, and gas transmission and distribution. The "Big Three" oil companies account for over 40% of the index.
Note: For fee details, please refer to the respective fund's legal documents.
Source: Shanghai and Shenzhen Stock Exchanges, etc., as of May 13, 2026. Reminder: Recent market volatility may be significant. Short-term price movements do not indicate future performance. Investors must make rational investment decisions based on their own capital situation and risk tolerance, paying high attention to position sizing and risk management.
Risk Disclosure: Oil ETF Huabao passively tracks the CNI Oil & Gas Index. The base date of this index is December 31, 2002, and it was launched on December 30, 2014. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its back-tested historical performance does not predict future index performance. Individual stocks mentioned in this article are listed solely for the objective presentation of index constituents and are not recommendations for any specific stock, nor do they represent the investment direction of the fund manager or the fund. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any form to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Investors should carefully read the Fund Contract, Prospectus, Fund Product Summary, and other fund legal documents to understand the fund's risk-return characteristics and choose products suitable for their own risk tolerance. The past performance of a fund does not predict its future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. According to the fund manager's assessment, Oil ETF Huabao has a risk rating of R3 - Medium Risk, suitable for Balanced (C3) and above investors. The suitability matching opinion should be based on the sales institution. Sales institutions (including the fund manager's direct sales channels and other sales institutions) conduct risk assessments of the above fund according to relevant laws and regulations. Investors should promptly pay attention to the suitability opinions issued by the fund manager. Suitability opinions from various sales institutions may not necessarily be consistent, and the risk rating evaluation results for fund products issued by fund sales institutions shall not be lower than the risk rating evaluation results made by the fund manager. The description of the fund's risk-return characteristics in the fund contract and its risk rating may differ due to different considerations. Investors should understand the fund's risk-return profile and, combined with their own investment objectives, horizon, experience, and risk tolerance, prudently select fund products and bear the risks themselves. The China Securities Regulatory Commission's registration of the above funds does not indicate a substantive judgment or guarantee of their investment value, market prospects, or returns. Fund investment involves risks.
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