Oil-Related Stocks Climb Across Asia As Brent Crude Rises To Near 3-Year High

Brent Crude Rises: Shares of Asia Pacific oil producers and refiners advanced as crude prices continued to jump, on the back of OPEC+ agreeing to maintain gradual production increases.

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  • Brent futures +0.5% to $81.68/barrel as of 3:28 p.m. Hong Kong Time, near 2018 high
  • India: Oil & Natural Gas surges as much as 10% to highest since July 2019; Indian Oil climbs 3.4%
  • Australia: Oil Search closes up 2.3%, Woodside Petroleum 4%, Santos 2.5%
  • Japan: Inpex up 5.6% to highest since Feb. 2020; Japan Petroleum Exploration +5.5%, Idemitsu Kosan +3.7%
  • Hong Kong: PetroChina gains 6.8%, CNOOC 2.5%, China Petroleum & Chemical 2.4%
  • Southeast Asia: Philippines’ Petron rises 8%; Thailand’s Bangchak +2.7%, PTT Exploration & Production +1.7%
Oil-Related Stocks Climb Across Asia As Brent Crude Rises To Near 3-Year High via @goldsilverrepor
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