Brent crude rose 3.00% intraday to $85.31/bbl; WTI rose 3.00% intraday to $80.14/bbl.

DBS Group research analysts say concerns that CATL will lose market share to second-tier suppliers appear overstated. They argue competition in China’s battery sector is shifting toward firms that provide integrated energy-system solutions rather than suppliers of standalone cells. CATL’s business model offers solutions across battery types and can meet customer needs including power-conversion equipment, the analysts say. As downstream customers place greater emphasis on system efficiency and energy management rather than battery procurement cost alone, CATL’s competitive edge should strengthen. DBS maintains a buy rating; PTs are RMB 624.00 for A-shares and HKD 925.00 for H-shares.

澳元兑美元AUD/USD日内涨幅达0.50%，现报0.6952。