CGSI says Brent breaking through $100 boosts energy stocks, recommends PTTEP and SCB

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3▲4 ▼0Impact / 5
Summary · why it matters

CGSI said that Brent crude oil prices surging past $100 per barrel for the first time since July, on concerns that the war between the United States and Iran could drag on and disrupt oil supply, is a factor weighing on global markets over inflation worries, but it is instead supporting energy stocks. The November Brent crude contract rose $3.29, or 3.36%, to close at $101.21 per barrel, while West Texas crude futures on the New York market closed up more than 3%. Meanwhile, December gold futures on the COMEX rose $21.70, or 0.49%, to close at $4,460.70 per ounce, supported by the dollar's slowing appreciation. CGSI sees the SET index range at 1,610-1,635 points, expecting the SET to outperform global stock markets on the strength of energy stocks, and recommends PTTEP, which posted net profit of 27.197 billion baht in the second quarter of 2026, growing 130% QoQ on strong sales volumes and higher average selling prices, with PTTEP's gas price expected to hold steady at $6 per mmbtu in the third quarter of 2026, and SCB, which aims to rise to first place in Thailand's wealth business in both number of clients and assets under advice in 2026.

Impact on assets 5

Energy▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
SCB X Public Company Limited
SCB
± Mixedrelevance

SCB is recommended by CGSI for its wealth-business ambition, but the article gives no clear driver tied to the oil-price news.

Others▲ · 3 stocks
⛏Brent Crude Oil Futures
BRENT
▲ PositiveSupplyrelevance

Brent surged past $100/bbl for the first time since July on concerns the US-Iran war could drag on and disrupt oil supply.

⛏Gold Futures
GOLD
▲ PositiveMonetaryrelevance

December gold futures rose $21.70 to $4,460.70/oz, supported by the dollar's slowing appreciation.

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