CNOOC up on oil price rise expectations

CNOOC Ltd. (0386) shares rose in midmorning trade, outperforming the broader market, on expectations that international crude oil prices will further rise amid the current global political uncertainty, dealers said. At 11.12 am, CNOOC was up 0.15 hkd or 1.88 pct at 8.10 on trade of 5.55 mln shares, while the Hang Seng Index was down 350.30 points at 9,305.15 on turnover of 1.71 bln hkd.

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