Saudi media reported in the morning of November 11 that an oil tanker exploded in the Red Sea near Jeddah Port in Western Saudi Arabia that day, causing a large number of oil spills. Reported that the tanker belongs to the Iranian National Petroleum Corporation, but the specific cause of the explosion is not yet known.
In the afternoon, international oil prices rose rapidly, with US oil and cloth oil rising by more than 1%. Domestic crude oil futures rose, and Shanghai crude oil main contracts rose by nearly 3%.
Up to publication, international oil prices continued to rise, with the increase in oil distribution expanding to 2% to US$60.3 per barrel, while US oil rose 1.8% to US$54.5 per barrel. Domestic crude oil futures contracts rose nearly 4%.
In addition, on the A-share side, the oil sector continued to rise, with baomo shares trading up and Haiyue energy hitting the trading limit.
Source: Daily Economic News Responsible Editor: Wang Xiaowu_NF