SHANGHAI, Feb 9, 2026, 03:59 GMT+8 — Premarket
PetroChina Co., Ltd. Class A shares—those traded in yuan on the mainland—caught attention ahead of Monday’s session. The stock closed out Friday at 10.77 yuan, up 2.3%. 1
Crude prices stayed volatile, driven by geopolitical crosscurrents. Brent wrapped up Friday at $68.05 per barrel, while U.S. WTI closed at $63.55. Traders sifted through headlines on U.S.-Iran negotiations and the potential for an escalation that might hit shipping in the Strait of Hormuz. “We keep going back and forth on this Iran situation,” said John Kilduff, partner at Again Capital. 2
Macro trends hit PetroChina directly—oil and gas prices flow right through to its cash outlook, and hints about China’s growth set the tone for demand forecasts. This week, China is set to publish inflation figures, with both consumer and producer price numbers coming out on Feb. 11, according to the government’s release schedule. 3
PetroChina’s A-shares fluctuated from 10.30 up to 10.80 yuan this Friday, market data showed, with about 198.5 million shares changing hands. 4
The shares haven’t quite clawed back to their recent highs, but they’re getting close. According to Investing.com, the 52-week range runs from 7.33 up to 11.15 yuan, putting the current price much nearer the upper bound as the new week gets underway. 5
Chinese energy giants frequently track crude’s swings, with PetroChina usually riding the same currents as Sinopec and CNOOC. One distinction: PetroChina’s business straddles both production and refining. That means the market is juggling upstream price moves and downstream margin shifts when it comes to this name.
Signals on domestic fuel pricing and demand—always on traders’ radar—have the power to jolt sentiment for refiners and marketers, regardless of how steady global crude stays.
The flip side is plain enough. Oil prices could tumble—dragging the sector lower—if diplomatic efforts take the heat out of the risk premium or traders start fretting again about oversupply. Company-level headlines wouldn’t matter much in that scenario.
But if oil stays firm — or if China dishes out better-than-expected numbers — that could prop up the stock, particularly as markets approach a stretch where positioning tends to get tighter and liquidity sometimes dries up.
Wednesday brings China’s CPI and PPI figures, set to land as PetroChina’s Shanghai shares resume trading and traders watch for fresh U.S.-Iran headlines.
