China's oil price rises 5% gambling speculation

Chinese oil, which will acquire Singapore oil to expand its overseas expansion, was built earlier this morning amid rumours of an imminent rise in the price of refined products, with H-shares Gaokaigao 5.1% to HK $8.66 this morning, trading 71.6 million shares. China oil A shares (601857-CN) also rose 3.21% to 13.51 yuan a half. There are market comments that the rise in crude oil prices will enhance the upstream oil production business accounted for a higher performance of China's oil, but in view of China's oil production, oil refining in the upstream and downstream integration operation, the increase in crude oil prices to the overall performance of the contribution to be achieved by the price of refined oil, the market is betting on　　Static calculation, if the price of refined oil 500 yuan/ton, PetroChina 09 earnings per share will increase by 0.14 yuan. Nomura also issued a report saying that the Chinese oil h-Share buy rating, the target price of HK $9.35, than the market premium of 8%.　　Equity acquisitions are strategically positive in the long run, particularly in strengthening the company's strategic position in the region, given the location of Singapore, its position as a regional oil trade hub and the unregulated price of its products. and international oil prices, the U.S. consumer confidence unexpectedly strong, the dollar rebounded, the New York Mercantile Exchange Tue Light and low sulfur crude oil futures contract settlement price of 62.45 U.S. dollars per barrel, rose 78 cents, or 1.3%, a year high.