Weiduo Energy Group CEO says Western oil inventories are thin.

During China’s National Day holiday, the US 10-year Treasury yield briefly rose above 5.34%, a 24-year high, but foreign investor interest in Chinese assets has increased. Bank of America says global active long funds have moved from underweight to neutral on Chinese equities, ending a four-year underweight. Fidelity International, Wellington and other global managers have likewise signaled increased focus on China. Goldman Sachs calls Chinese assets attractive for diversification and prefers A-shares to H-shares. UBS forecasts A-share earnings growth of about 15% in 2026. BLACKROCK maintains a neutral stance on China equities while highlighting AI hardware, power-grid equipment and physical AI as areas of focus. INVESCO is constructive on China’s technology ecosystem. CITIGROUP and Standard Chartered previously upgraded Chinese equities to overweight.

Petronas, Malaysia's national oil company, says buyers are willing to accept high prices.