Traditional energy did not move in sync with dollar-denominated crude oil today: China Shenhua was relatively the strongest, with some sentiment around the coal price narrative in Hong Kong stocks; Venture Global is an LNG exporter and benefits from the broader oil and gas backdrop; PBR is a state-owned oil company, weighed down by policy uncertainty in Brazil; Nine Energy is a small oilfield service company, with its stock price basically flat and trading volume thin.
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