但有个坑一定要避开，很多人看到白银暴涨就想追高，可别忘了2008年白银暴涨后又快速回调的教训， 高波动品种千万别加杠杆，仓位控制在总资产3%-5%以内，中长线投资稳字当头。还有油价，虽然这次 跌了，但中东局势紧张、美国取暖需求还在，后续可能震荡，普通投资者别轻易碰原油期货，想布局可 以选油气ETF，风险更低。 你觉得白银能继续暴涨吗？油价后续会不会反弹？评论区说说你的判断。 帮主说句实在的，20年财经生涯里，见过不少大宗商品异动，但像现在这样"贵金属独疯、能源金属分 化"的格局，核心就一个：资金在扎堆"避险+刚需"双逻辑的品种。黄金能涨到5100美元，可不只是简 单避险，现在全球投资者都在抛美债、卖货币，把黄金当新的"财富锚"，去年涨成1979年以来最佳，今 年又涨17%，这是货币信用松动的必然结果；白银更狠，单日飙14%，既有黄金的金融属性，又有光 伏、新能源的工业刚需，连续5年供应短缺，库存见底，这是双重驱动的爆发力。 而油价下跌就好理解了，哈萨克斯坦的黑海码头恢复运行，Tengiz油田也要重启，新增供应盖过了美国 暴风雪的影响，供需一平衡，价格自然回落。伦铜走高则是因为工业需求回暖，毕竟制造业复苏离不开 ...

午后油气股走高，通源石油涨超13%；和顺石油、洲际油气、中曼石油涨停。 油气ETF汇添富涨超4%；油气资源ETF、石油ETF鹏华、石油天然气ETF、油气ETF华泰柏瑞、石油 ETF、油气ETF博时涨超3%。 | 证券代码 | 证券简称 | 当日涨幅% | 年内涨幅% | 管理人 | | --- | --- | --- | --- | --- | | 159309.SZ | 油气ETF汇添富 | 4.27% | 16.39% | 汇添富基金 | | 563150.SH | 油气资源ETF | 3.97% | 15.70% | 银花真金 | | 159697.SZ | 石油ETF鹏华 | 3.97% | 12.56% | 鹏华基金 | | 159588.SZ | 石油天然气ETF | 3.64% | 11.97% | 景顺长城基金 | | 561570.SH | 油气ETF华泰柏瑞 | 3.60% | 14.72% | 华泰柏瑞基金 | | 561360.SH | 石油ETF | 3.50% | 15.26% | 国泰基金 | | 561760.SH | 油气ETF博时 | 3.46% | 15.86% | 博时 ...

油气资源ETF紧密跟踪油气资源指数。中证油气资源指数选取业务涉及石油与天然气的开采、服务与设 备制造、炼制加工、运输及销售领域的上市公司证券作为指数样本，以反映油气行业上市公司证券的整 体表现。 石油ETF跟踪的是油气产业指数，指数成分股主要集中在能源行业，配置上侧重于上游资源开发与中游 炼化企业，同时包括部分下游销售和服务公司。 油气ETF汇添富跟踪中证油气资源指数，覆盖A股从事石油天然气勘探，开采，销售及服务的龙头企 业，高度集中于具备优质储量，低成本优势和稳定分红能力的上游巨头。 消息面上，海外天然气价格近期持续大涨。 纽约商业交易所上市的天然气期货继昨日大涨29%后，今日继续冲高涨超10%，最新价报5.381美元/百 万英热。本周以来4个交易日，美国天然气期货已累计上涨超过70%。 （原标题：海外天然气价格近期持续大涨，油气资源ETF、石油ETF、标普油气ETF、油气ETF涨超 3%） 油气股上涨，油气资源ETF、石油ETF鹏华、标普油气ETF、油气ETF汇添富涨超3%；标普油气ETF、 石油天然气ETF、油气ETF博时、石油ETF、油气ETF华泰柏瑞涨超2.5%。 汇添富基金指出： 当前，油气行业在 ...

Market Strategy - The index is expected to maintain a volatile trend, with a focus on mid-cap blue chips as the direction for investment [2][6] - The market is currently in a phase of adjustment, with a long-term upward trend anticipated. A shift away from high-risk preferences is seen as beneficial for a healthy market recovery [2][6] Industry Strategy: Coal - The coal industry is transitioning from scale expansion to quality improvement, with a positive long-term outlook for the sector [3][6] - Recent developments include the strategic merger of Henan Energy Group and China Pingmei Shenma Group, indicating significant progress in industry consolidation [6] - The National Development and Reform Commission has released guidelines for the clean and efficient use of coal, emphasizing systematic and refined regulation [6] - Policies aimed at replacing outdated capacity with advanced production capacity signal a shift towards technological and institutional innovation in the energy sector [6] Industry Strategy: Real Estate - The effectiveness of real estate policies is more about their intensity rather than quantity, with expectations for impactful measures such as interest rate cuts and direct financial support for households and enterprises [4][6] - Recent publications have reinforced the signals for stabilizing expectations in the real estate market, suggesting a stronger policy combination may emerge in 2026 [4][6]

Core Viewpoint - The recent data indicates a significant divergence in ETF fund flows, with broad-based ETFs experiencing substantial net outflows while industry and thematic ETFs are gaining favor among investors [1][2] Group 1: ETF Fund Flows - Broad-based ETFs faced a net outflow exceeding 190 billion yuan, with the CSI 300 ETF alone seeing over 100 billion yuan in outflows [1] - The outflows also affected technology-focused ETFs, including those related to the STAR Market and ChiNext [1] - In contrast, industry and thematic ETFs, particularly in sectors like non-ferrous metals, military industry, and Hong Kong internet, have attracted significant inflows [1] Group 2: Upcoming ETF Issuances - A total of 9 new ETFs are set to be launched this week, including solar energy and oil & gas ETFs from Fuguo Fund, as well as various sector-specific ETFs from other fund companies [2]

Group 1 - The core viewpoint of the news is that the geopolitical situation is driving oil prices higher, with the Venezuelan oil supply being significantly disrupted, leading to a potential short-term increase in oil prices [1] - The China Securities report indicates that Venezuela's oil exports have essentially halted, creating a supply disruption in the global market, with a potential shortfall of around 1 million barrels per day [1] - The current global oil market remains in a supply surplus, with expectations that oil prices will fluctuate between $60 to $70 per barrel despite short-term upward pressure [1] Group 2 - The National Oil and Gas Index (399439) has seen a strong increase of 1.45%, with significant gains in constituent stocks such as Intercontinental Oil and Gas (600759) up 9.21% and Shanghai Petrochemical (600688) up 4.36% [1] - The top ten weighted stocks in the National Oil and Gas Index as of December 31, 2025, include major companies like China National Petroleum (601857) and China Petroleum & Chemical (600028), collectively accounting for 67.11% of the index [2] - The Oil and Gas ETF (159697) closely tracks the National Oil and Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector [2][3]

Market Performance - The three major A-share indices collectively rose in the morning session, with the Shanghai Composite Index increasing by 1.07% and returning to the 4000-point level, the Shenzhen Component Index rising by 1.87%, and the ChiNext Index up by 2.15% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.6489 trillion yuan, an increase of 324 billion yuan compared to the previous day [1] - Over 4000 individual stocks in the market experienced gains [1] Sector Performance - Insurance stocks led the gains, while sectors such as brain-computer interfaces and innovative pharmaceuticals saw a surge in limit-up trading [1] - The semiconductor industry chain experienced a significant breakout, with AI applications and commercial aerospace themes also being active [1] - The Hainan Free Trade Zone, stablecoins, and oil sectors faced adjustments [1] ETF Performance - The semiconductor industry chain saw a notable increase, with the Huatai-PB Fund's China-Korea Semiconductor ETF rising by 6.52% [1] - In the Hong Kong stock market, the innovative pharmaceutical sector rebounded strongly, with the Fortune and Huatai-PB Fund's Hong Kong Stock Connect Medical ETF increasing by 6.21% and 5.92%, respectively [1] - Insurance stocks also led in the ETF space, with the GF Fund's Hong Kong Stock Connect Non-Bank ETF rising by 5.25% [1] Declining Sectors - The tourism sector declined, with two tourism ETFs dropping by 2% [1] - The oil and gas sector also saw declines, with the oil and gas ETFs from Huatai-PB falling by 1% and 0.87%, respectively [1]

截至2026年1月5日 10:03，国证石油天然气指数(399439)成分股方面涨跌互现，中泰股份(300435)领涨 6.39%，海默科技(300084)上涨5.00%，潜能恒信(300191)上涨2.81%；和顺石油(603353)领跌。油气 ETF(159697)多空胶着，最新报价1.19元，盘中净申购1900万份。 油气ETF紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相关上 市公司的证券价格变化情况。 资金持续关注原油板块，油气ETF(159697)盘中净申购1900万份。消息面上，受委内瑞拉区域局势影 响，市场预计油价走高。 油气ETF(159697)，场外联接(A：019827；接C：019828；I：022861) 华源证券认为，后续委局势仍有较大不确定性，或对油运市场总体利好：1）短期看，委局势动荡，虽 委石油设施正常运营，委石油出口（2025年为79万桶/日）或受限，油贸需求或完全转向中东等合规地 区，相当于19艘VLCC运力需求；2）中期看，若美国取消委油制裁，委油海运有望完全转向合规市 场，相当于46艘VLCC运力需求；3）长期看，若委油合规化且国际资本 ...

Core Viewpoint - The news highlights the recent performance of the National Petroleum and Natural Gas Index and the impact of geopolitical tensions in Venezuela on the oil market, with expectations of a price range for Brent crude oil in early 2026 [1][2]. Group 1: Market Performance - As of December 31, 2025, the National Petroleum and Natural Gas Index (399439) increased by 0.01%, with notable gains from stocks such as Haimer Technology (300084) up 4.26%, Yutong Co. (603036) up 3.10%, and China Petroleum (601857) up 1.56% [1]. - The oil and gas ETF (159697) was quoted at 1.19 yuan, with a net subscription of 4 million units during the trading session [1]. Group 2: Geopolitical Impact - The escalation of the regional situation in Venezuela is causing disturbances in the crude oil market, adding uncertainty to supply and demand forecasts [1]. - China Galaxy Securities anticipates a significant accumulation of supply in the near term, projecting Brent crude oil prices to range between $55 and $63 per barrel in January 2026, with potential downward pressure [1]. Group 3: Index Composition - As of November 28, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index include China Petroleum (601857), China Petrochemical (600028), and China National Offshore Oil Corporation (600938), collectively accounting for 65.78% of the index [2]. - The oil and gas ETF (159697) closely tracks the National Petroleum and Natural Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector [1].

以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 油气ETF紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相关上 市公司的证券价格变化情况。 数据显示，截至2025年11月28日，国证石油天然气指数(399439)前十大权重股分别为中国石油 (601857)、中国石化(600028)、中国海油(600938)、杰瑞股份(002353)、广汇能源(600256)、招商轮船 (601872)、新奥股份(600803)、中远海能(600026)、大众公用(600635)、海油工程(600583)，前十大权重 股合计占比65.78%。 油气ETF(159697)，场外联接(A：019827；C：019828；I：022861) 截至2025年12月30日 15:00，国证石油天然气指数(399439)上涨0.34%，成分股上海石化(600688)上涨 3.64%，华锦股份(000059)上涨3.48%，中国海油(600938)上涨3.18%，中国石化(600028)上涨2.67%，中 国石油(601857)上涨1.89%。油气ETF(159697)上涨0.17%， ...