# Brent crude
Latest news and articles about Brent crude
Total: 3 articles found
China’s Big Three Oil Majors All Close at Limit‑Up as Oil Prices Spike on Mideast Escalation
China’s three state oil giants simultaneously closed at their daily trading limit for the first time as Brent crude spiked amid a US‑Israel strike on Iran that disrupted traffic through the Strait of Hormuz. The market reaction concentrated gains in commodity and defence sectors while broader indices showed limited breadth and elevated turnover.
Resource Rally Lifts Shanghai While Breadth Collapses: Oil & Gas Stocks Drive a Volatile A‑share Session
The Shanghai Composite rose 0.47% on Monday as a surge in oil, gas and precious‑metals stocks powered the market amid a sharp rise in global oil prices. Heavy turnover of RMB 3.02 trillion contrasted with extensive weakness across more than 4,200 losers, highlighting a narrow, commodity‑led rally that left smaller caps and the STAR Market in the red.
Trump Hints at Possible Iran Sanctions Relief; Oil Rally Eases and Markets Recover
Markets trimmed losses and oil’s dramatic rally cooled after President Trump signalled he might lift sanctions on Iran if a new, pragmatic leadership emerges and reports suggested Tehran was seeking to resume talks. Traders cited a reduced tail-risk premium, short-covering and improved risk appetite, though analysts warned that regional tensions and political contingencies keep the upside limited.