U.S.-Iran negotiations face twists and turns! International oil prices rise, and many oil service concept stocks have recently attracted financing investors.

The geopolitical premium in the oil market has once again returned.

As of the close on February 4th, WTI March crude oil futures rose by 3.05%, closing at $65.14 per barrel; Brent April crude oil futures increased by 3.16%, closing at $69.46 per barrel. The main contract of Shanghai Futures Exchange crude oil futures closed up 3.32% in the night session, at 473.5 yuan per barrel.

On the news front, the US-Iran nuclear negotiations have seen multiple plot twists. After a sharp rise, international oil prices have pulled back but still closed significantly higher.

US-Iran Negotiation Plans Nearly Collapsed

According to CCTV News, on February 4th local time, after several Middle Eastern leaders urgently lobbied the Trump administration to abandon threats to withdraw from negotiations, the planned US-Iran nuclear talks scheduled for the 6th were restored, with negotiations to be held in Oman.

This deadlock has raised concerns across the Middle East, fearing that Trump might resort to military action. At least nine countries in the region have contacted the White House through high-level channels, strongly urging the US not to cancel the meeting.

Earlier that day, two US officials revealed that the US government had officially informed Iran that it refused Iran’s request to change the original meeting location and format scheduled for the 6th.

Previously, both sides agreed to hold talks in Istanbul with multiple international observers, but on the 3rd, Iran suddenly requested to move the negotiations to Oman and conduct them bilaterally, aiming to strictly limit discussions to nuclear issues and exclude topics like missiles that concern the US. After assessment, the US believed this move could weaken multilateral coordination and insisted on the original arrangement.

A senior US official stated that the US had made it clear to Iran: “Either accept the original plan or cancel the negotiations,” and Iran chose the latter. The official also hinted that if diplomatic channels remain blocked, the US might have to consider “other options.”

The report indicates that this near-breakdown not only reflects fundamental disagreements over the negotiation framework but could also lead to further escalation of regional tensions.

Institutions: Oil Prices May Remain in a Slightly Strong Volatility Pattern

Donghai Futures analysis believes that the confrontation between US and Iranian military forces in the maritime and air domains has heightened concerns over escalating tensions. API data also showed a significant drop of 11 million barrels in US commercial inventories, which warmed the previously weak sentiment driven by precious metals resonance. The US-Iran situation will continue to be the main source of volatility, and oil prices are expected to remain in a slightly strong oscillation pattern.

“Geopolitical factors are heating up again, and related developments continue to attract market attention. Additionally, the global trade flow of the crude oil market is undergoing substantive changes. Currently, there is still significant uncertainty in oil price trends,” said Yang An, an analyst at Haitong Futures Energy Research Center.

Guotou Futures pointed out that the outlook for US-Iran negotiations still contains many uncertainties. The current US-Iran conflict mainly manifests as sanctions and localized military friction. The overall situation remains controllable, and its impact on oil prices is more likely to be phased and pulse-like rather than trend-changing. Meanwhile, the fundamental inventory pressure still exists, and under the interplay of bullish and bearish factors, oil prices are expected to continue fluctuating more intensely.

Some brokerages also stated that, given the ongoing geopolitical uncertainties, the medium- and long-term supply and demand structure of crude oil still has a solid foundation for prosperity. From a long-term perspective, they remain optimistic about the “Three Big Oil Companies” and the oil service sector.

Multiple Concept Stocks Attract Financing

The Oriental Wealth concept sector shows that currently, 53 A-share stocks are involved in the oil and gas equipment and service concept, with a total market value of about 2.4 trillion yuan. Besides the giant China National Offshore Oil Corporation, Jereh Group, CITIC Special Steel, and CNOOC Services have the largest market caps.

Since the beginning of this year, about 85% of oil and gas equipment and service concept stocks have seen their stock prices rise, with an average increase of approximately 17.33%. The sector has already produced a doubling stock, Tongyuan Petroleum, and potential Hengxin ranks second with a 73.81% increase. Chunhui Smart Control and Keli Co., Ltd. have both gained over 60% this year.

In terms of funding, since 2026, 22 stocks in the oil and gas equipment and service concept have attracted leveraged funds. Among them, Sifangda, Zhongman Petroleum, CNOOC Services, Sinopec Oilfield Service, CNOOC Development, and Chunhui Smart Control each had net financing amounts between 100 million and 170 million yuan. Zhongke Information, Deshi Co., Ltd., and China Oil Engineering each attracted financing of 63 million, 57 million, and 50 million yuan, respectively.

Recently, Sifangda stated during institutional research that the company will continue to strengthen its market competitiveness. In resource extraction/engineering construction fields, it will optimize the market strategy for products like oilfield composite sheets, consolidating existing advantages while accelerating domestic and international market penetration.

Zhongman Petroleum is deeply implementing the strategic development of the three core business sectors: exploration and development, engineering services, and oil equipment manufacturing, successfully building an oil and gas industry ecological closed loop. Cinda Securities previously forecasted that increased production of overseas projects would positively impact the company’s future performance, and its integrated business layout is also expected to help the company rapidly increase reserves and production in overseas oil and gas blocks.

(Source: Oriental Wealth Research Center)