CITIC Securities: Stalemate in negotiations and accelerated inventory reduction drive oil prices up this week

金十2026/06/08 23:33

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Golden Ten Data reported on June 9 that a research report from CITIC Securities pointed out the market has underestimated the short-term and medium-term upside risks of oil prices. In the short term, the Strait of Hormuz has been closed for several weeks, forcing more oil wells to shut down, and prolonged closures will lead to permanent loss of some production capacity. In the long term, against a backdrop of low capital expenditure, both the number of DUC wells and new drilling wells in the United States have repeatedly hit historic lows, which also means the country’s high crude oil output is unsustainable. In the future, remaining supply and pricing power are expected to be in the hands of the Middle East. Previously, the market was overly optimistic about the speed of the end of Middle Eastern conflicts. However, contradictions in the real world have become increasingly evident, and recently, the market has started to gradually price in the long-term rise in oil prices. Potential inflation risks also deserve attention.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Procore: Director Kevin J. O’Connor reported selling 15,384 common shares on Oct. 5-6. Sales prices ranged from $52.83 to $55.08 per share. Indirect holding fell to 908,286 shares, held via the Kevin J. O’Connor Revocable Trust. O’Connor also reported 21,344 shares held directly. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065378), on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/08 00:37

Microsoft (MSFT.US) launches new flagship laptop! Equipped with Nvidia chips, certain AI tasks outperform Apple MacBook.

Microsoft held a Surface product launch event on Wednesday, announcing the price and release schedule for the new flagship Surface Laptop Ultra equipped with Nvidia chips. Microsoft also stated that the device outperforms competing Apple products in certain artificial intelligence (AI) tasks.

智通财经•2026/10/08 00:36

Dan Ives reveals top tech stock picks for 2027! Nvidia, Microsoft, Apple, and three other stocks make the list, Tesla selected as “disruptive tech top pick”

Former Wedbush tech analyst Dan Ives released his top picks for the technology sector in 2027 on Wednesday, listing Nvidia, Microsoft, Palantir, Apple, and CrowdStrike as his five top technology choices.

智通财经•2026/10/08 00:11