Oil ETF Penghua (159697) rose as its benchmark, the CSI Petroleum and Natural Gas Index (399439), climbed 1.08% to 10:27 a.m. on September 3, 2026, with shares including COSCO SHIPPING Energy Transportation up 7.81%, Haimo Technology up 7.42% and China Merchants Energy Shipping up 6.74%, according to Jiemian News. The article said U.S. crude futures for the front-month contract rose 0.45% to $90.63 a barrel on September 2 local time, while Brent crude gained 0.62% to $95.24 a barrel. It cited concerns over escalating Middle East tensions, weaker shipping activity in the Strait of Hormuz, lower Russian output and export forecasts, an attack that halted crude processing at Russia's Kirishi refinery, and a larger-than-expected 4.45 million-barrel drop in U.S. crude inventories. It also said Venezuela's planned production increase will not take effect until next year, while limited spare refining capacity and Russia's extended diesel export restrictions are tightening the supply-demand balance. The fund tracks the CSI Petroleum and Natural Gas Index, which reflects price moves in listed oil and gas companies on China's Shanghai, Shenzhen and Beijing exchanges. As of August 31, 2026, the index's top 10 holdings were PetroChina, CNOOC, Sinopec, Jereh Group, Guanghui Energy, China Merchants Energy Shipping, COSCO SHIPPING Energy Transportation, ENN Energy, China Merchants Energy Shipping and Jiuyfeng Energy, with the top 10 accounting for 71.91%.