It's strange that WTI is now premium over Brent.
It's a mix feeling.
Positive
. OPEC will be losing a fraction of power in adjusting the poo. A talkfest
. The US inventories will be no longer the central piece of discussion which is driving the poo. A data
So the talkfest and the data are out of the oil game and the main tools should be the demands and the USD.
Negative
. Most Australian companies are hedging their production in Brent. Org is hedging at $10. There are more pains to come for Aussie drillers.
. Conventional oil play and massive reserves are here to remain to last longer.
Is CVN the only one in Australia.
It's strange that WTI is now premium over Brent. It's a mix...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $330.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $348.3K | 1.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1443235 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 959786 | 8 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
18.8¢ |
Change
-0.005 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| 18.8¢ | 19.0¢ | 18.5¢ | 607579 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CVN (ASX) Chart |