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Most of the oil and natural gas sector declined, with Junyou Petroleum's bidding price hitting the limit down.
The oil and gas sector is mostly seeing pullbacks. Zhunyou Shares hits a limit down in pre-market trading at the call auction. Tongyuan Oil drops more than 10%. China National Offshore Oil Engineering, Haizhou Engineering, and Beiken Energy all open lower. On the news front, Goldman Sachs expects shipping traffic through the Strait of Hormuz to start recovering within 5 days and to be fully back to normal by mid-April.