Stock Track | PetroChina Shares Plummet on Slump in Crude Oil Prices

Stock Track

Sep 11, 2024

PetroChina, one of China's largest oil and gas producers, saw its shares plunge by 6.15% on Tuesday, September 11th, as a slump in crude oil prices revived concerns about the global growth outlook.

The decline in PetroChina's stock price was part of a broader sell-off in Hong Kong's equity market, with the Hang Seng Index falling 1.3% to a one-month low. Chinese oil producers led the declines, with PetroChina, CNOOC, and Sinopec all registering significant losses.

Crude oil prices tumbled by more than 4% overnight, hitting their lowest level in nearly three years. The slump in oil prices has raised concerns about the implications for global economic growth, as a sustained period of low energy prices could dampen investment and activity in the energy sector.

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Chinese oil producers led the declines, with PetroChina, CNOOC, and Sinopec all registering significant losses.</p>\n\n<p>Crude oil prices tumbled by more than 4% overnight, hitting their lowest level in nearly three years. The slump in oil prices has raised concerns about the implications for global economic growth, as a sustained period of low energy prices could dampen investment and activity in the energy sector.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00857","symbol_name":"中国石油股份","start_time":0,"source_url":"","article_id":"1183697561","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183697561","pubTimestamp":1726029268,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PetroChina, one of China's largest oil and gas producers, saw its shares plunge by 6.15% on Tuesday, September 11th, as a slump in crude oil prices revived concerns about the global growth outlook.The decline in PetroChina's stock price was part of a broader sell-off in Hong Kong's equity market, with the Hang Seng Index falling 1.3% to a one-month low. 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