Ge Long Hui·2025-12-30 06:00Group 1 - The Hong Kong stock market saw gains in the "three oil giants," with China National Offshore Oil Corporation (CNOOC) rising by 5%, China Petroleum & Chemical Corporation (Sinopec) increasing by over 2%, and China National Petroleum Corporation (CNPC) up by more than 3% [1] - International oil prices strengthened for the second consecutive day, with WTI crude surpassing $58 per barrel and Brent crude nearing $62 per barrel, driven by rising geopolitical risks [1] - The conflict between Russia and Ukraine has escalated, with new developments prompting concerns over potential supply disruptions, which have increased market risk premiums [1] Group 2 - UBS analysts highlighted that China's crude oil imports remain robust, providing support for demand in the oil market and further solidifying price floors [2] - The stock performance of major oil companies in Hong Kong shows significant year-to-date gains, with China National Offshore Oil Corporation up 22.28%, China Petroleum & Chemical Corporation up 11.88%, and China Petroleum & Natural Gas Corporation up 52.60% [3]