fyi the reason sto (and all oil is falling) is a combination of expecations about continuing re-rating up of USD and fundamental oversupply in US oil storage
Currently calls for $US40 or lower are being renewed.
The main US storage facilitites at Cushing are expected to exceed capacity - ie oil will start having to be thrown on the ground from somewhere April-through-June.
this is driven by a combination of continued growth in US oil supply and also reduced demand from China
the key support level is $US48 for WTI oil apparently - itf it falls below that then its likely to slide.
thats why oil stocks are getting sold off - on apprehension of that
STO, OSH or WPL, page-11
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