China’s three state oil giants rally on expectation of higher demand, CNOOC hit record high 

Shares of China National Offshore Oil Corporation (CNOOC) gains 3.5% to close at HK$11.98, marking a new record high. Sinopec gain 3.5% to close at HK$4.5, the highest level in nearly four years, and PetroChina gains nearly 1% to close at HK$4.31, the highest level in more than four years.

Saudi Arabia has raised the prices of most of its crude oil sold to Asia and Europe in April, suggesting that it believes the demand for oil in Asia . . .

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