"While U.S. crude storage capacity is being tested, Goldman expects the inventories will peak in April, before declining from May to September, with last week's data from the U.S. Energy Information Administration showing a decline in weekly production offering a potential early sign the market is stabilizing."
But that could prove temporary.
Goldman: Oil prices must 'stay low for longer'
CNBC - 1 hour ago
Declines in U.S. oil inventories and capex may boost prices modestly in the near term, but production growth ...
"While U.S. crude storage capacity is being tested, Goldman...
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Last
$27.50 |
Change
-0.730(2.59%) |
Mkt cap ! $52.21B | |||
| Open | High | Low | Value | Volume |
| $27.80 | $27.84 | $27.42 | $143.3M | 5.199M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4902 | $27.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.53 | 20178 | 2 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$27.54 |
Change
-0.730 ( 2.49 %) |
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| Open | High | Low | Volume | ||
| $27.80 | $27.82 | $27.42 | 716310 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| WDS (ASX) Chart |