Sprooker
The shale oil producers in the US only make money when oil price is betweenUS$60-80.
All it will take is some of the high cost producers to close down. Some tensions in Middle East and or demand to pick up from emerging and or developing markets and oil will move up from the low 20s/30s. Could move and stay between $40-55 range.
I just don't see oil staying down below $25 for any prolonged period (greater than 3-6months)
Not saying it can't go down to $10 in short term for you to make money but have your stops in place.
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Last
$39.11 |
Change
-0.280(0.71%) |
Mkt cap ! $198.5B | |||
| Open | High | Low | Value | Volume |
| $38.77 | $39.13 | $38.66 | $252.7M | 6.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $39.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.11 | 3990 | 1 |
View Market Depth
| Last trade - 16.18pm 16/07/2025 (20 minute delay) ? |
| BHP (ASX) Chart |