Ge Long Hui·2025-12-16 02:35Group 1 - International oil prices have declined, leading to a collective drop in Hong Kong oil stocks, with China National Offshore Oil Corporation, China Petroleum & Chemical Corporation, and China Petroleum & Natural Gas Corporation all falling over 2% [1][2] - Specific stock performance includes China Petroleum & Natural Gas Corporation at 7.950, down 2.33%; China Petroleum & Chemical Corporation at 4.320, down 2.26%; and China National Offshore Oil Corporation at 20.220, down 2.22% [2] - WTI January crude oil futures closed down $0.62, a decrease of 1.08%, at $56.82 per barrel; Brent February crude oil futures fell $0.56, down 0.92%, to $60.56 per barrel [2] Group 2 - Oil prices are hovering near their lowest levels since 2021, as traders assess the potential for a ceasefire in Ukraine, which could ease export restrictions on Russian oil and increase market pressure due to oversupply [2] - Expectations of global oil surplus are growing due to OPEC+ restoring idle production capacity and other oil-producing countries increasing output, indicating a trend towards an annual decline in oil prices [2]