Chinese oil shares rose 7.69%

November 11, China National Petroleum Corporation (PetroChina) Co., Ltd. (601857), the largest Chinese stock market. Sh/0857.hk/ny. PTR, hereinafter referred to as "PetroChina", has a 7.69% increase in share prices in a day.　　The plate hit a new high of 13.42 yuan, close to trading.　　Bank of International Petrochemical industry analyst He Wei in an interview with reporters, said the international oil prices did not have a sharp rise in a day, PetroChina's stock price rise and the industry fundamentals are not. Redingkun, an analyst with CIC Securities and petrochemical Industry, told reporters in a telephone interview that China's oil price is mainly a capital market activity today.　　Combined with the previous period of stock market gains, he believes that some investment institutions will be funds from small stocks into such large stocks, so that China's oil prices to promote the role. He also said that international oil prices are expected to hit 100 dollars/barrel next year.　　This year's real economy is not yet able to bring crude oil prices to $100 trillion. Zhuo Chuang Information data show that November 10, the International three crude oil (Brent DTD, Sinta, Dubai) Average price of 86.5 USD/barrel.　　On November 9, international crude oil prices hit $87.63 a barrel, the highest point since October 2008.　　November 11, China's oil opened 11.87 yuan, received 12.74 yuan, Rose 7.69%. PetroChina is a subsidiary of CNPC, China's largest producer of oil and gas, which is the Chinese oil and gas company.