Worried about economic growth and demand, the price of New York oil futures for October delivery plummeted US$3.21 or 4.4% to US$70.34. Brent oil futures for November delivery slumped fell US$3.77, or 4.9%, to US$73.75.The three major oil stocks in Hong Kong followed suit. CNOOC (00883.HK) +0.360 (+1.954%) Short selling $81.22M; Ratio 12.232% opened gapping down 4.47% this morning, falling through the uptrend trail since early August and 10MA, 20MA, 50MA and 100MA all in one go. It trades now at HK$20.3, with 2.854 million shares traded and a turnover of HK$57.9362 million before market open.PETROCHINA (00857.HK) +0.110 (+1.950%) Short selling $60.86M; Ratio 11.072% opened gapping down 2.6%, diving through the uptrend trail since early August and 20MA. It is now trading at HK$6.75, with 2.562 million shares traded and a turnover of HK$17.2935 million during pre-marketSINOPEC CORP (00386.HK) +0.100 (+2.278%) Short selling $59.72M; Ratio 20.298% opened 1.53% lower at HK$5.16, testing the support of 50MA, with 3.048 million shares traded before the market opened, involving HK$15.7847 million in turnover.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-17 16:25.)