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Most oil and gas stocks opened lower, with China National Petroleum Corporation and others hitting the daily limit down.
Most oil and gas stocks opened lower; Zhongman Petroleum, Blue Flame Holdings, Zunyou Shares, and Beiken Energy hit the limit down, while Intercontinental Oil & Gas, CNOOC, and New Natural Gas saw the largest declines. On the news front, the bulls acknowledged a temporary ceasefire, and international oil prices plummeted by 15%.