With the continuous rise of international oil prices, oil and gas theme funds continue to strengthen. On the morning of the 8th, the LOF (162411), the largest oil and gas fund in China, rose by more than 3%, and has increased by more than 73% since 2022, leading all listed and traded funds in the two cities. Huabao Oil and Gas LOF (162411) is currently trading at 0.826 yuan, a seven-year high!
Goldman Sachs Group raised its quarterly price forecast, saying that crude oil prices need to rise further to achieve the demand interruption needed for market rebalancing. Morgan Stanley said that in the case of bullish in the third quarter, the oil price still has the expected space of $65,438+050/barrel.
Yang Yang, manager of Huabao Oil&Gas Fund, said that the most basic logic supporting the rise in oil prices is the insufficient capital expenditure of crude oil producers in recent seven years and the mismatch between supply and demand caused by short-term demand repair. Especially in the past three months, the production capacity of OPEC+oil-producing countries failed to increase as scheduled, and the market is worried about whether it can provide sufficient production capacity in the future. In the medium and long term, human control of the epidemic will become more and more mature and effective (the whole line of vaccines will be rolled out and the specific drugs will be mature). In addition, the general trend of energy transformation is irreversible (China, the United States and Europe put forward plans and subsidies for new energy vehicles and new energy power generation, carbon neutral). Based on the above two basic judgments, this round of upward trend of crude oil will continue.
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