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BackFocus Stocks》00673R: International oil prices plummeted, crude oil opened against 1 and surged in volume
Focus Stocks》00673R: International oil prices plummeted, crude oil opened against 1 and surged in volume
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自由时报5 minutes agoBusiness2 min readChinaView original

Focus Stocks》00673R: International oil prices plummeted, crude oil opened against 1 and surged in volume

international oil pricesFutures S&P Crude Oil Inverse 1ETF00673R

Quick Look

  • Vice President Vance blamed the Republican election defeat on overseas wars.
  • Trump said there was no immediate plan to escalate the war in the Middle East.
  • Oil prices plummeted, driving the S&P Crude Oil ETF (00673R) to open sharply.

AI-generated summary

Why It Matters

International oil prices have plummeted, with West Texas crude oil, Dubai crude oil, and Brent crude oil all returning to around US$92 per barrel, setting new recent lows.

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International oil prices fell sharply, and the S&P crude oil futures opened at 1 and the volume surged. (Extracted from the website of the Energy Department)

[Reporter Zhang Huiwen/Taipei Report] U.S. Vice President Vance (JD Vance blamed the Republican Party's election defeat on overseas wars, and US President Trump said that there is no immediate plan to escalate the war in the Middle East, oil prices fell further; this drove the stock price of the Yuan S&P Crude Oil ETF (00673R) to soar immediately after the opening of the market today. As of 9:45, the stock price rose by 0.95 yuan, temporarily trading at 10.94 yuan, an increase of 9.51%, with a trading volume of more than 66,700 contracts.

According to the latest oil prices, including West Texas crude oil, Dubai crude oil, and Brent crude oil, they have all returned to around US$92 per barrel, hitting new lows in recent times. Legal experts believe that the Democratic Party's sweeping victory in the US midterm elections may lead to a faster end to the Iranian conflict that has lasted for several months and disrupted global energy markets.

Observing the trends of the three major legal persons, foreign investors bought over 440 00673R contracts yesterday, self-operated traders bought over 23,000 lots, and the main dealers bought over 15,700 lots. Yuanta Securities and Qunyi Jinding were the main buying brokers. The legal persons believe that the recent international oil prices have been affected by various variables and have now returned to recent lows. However, the situation in the Middle East is changing, and leveraged products are mainly hedging. Investors should not treat it as a long-term investment tool.

What to Watch

AI outlook — possibilities, not facts

  • Iran conflict could end sooner

    Possible · Within weeks

Open Questions

  • Will the Iran conflict end sooner?
  • What is the future trend of oil prices?
  • 00673R ETF subsequent trading performance

Related Topics

international oil prices
PeopleJD VancetrumpZhang Huiwen
OrganizationsYuanta SecuritiesQunyi Jindingenergy department
PlacesTaipeimiddle eastUnited States
TopicsFutures S&P Crude Oil Inverse 1ETF00673Rwar in the middle eastU.S. midterm electionsThree major legal personsYuanta Securities
This article was originally published by 自由时报.

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