Just saw Peter McGuire of Commodity Warants (one of the savviest Aussie commodity expert around, he is Aussie as opposed to a Wall St. type, so he should know) at Bloomberg. Says he couldn't see oil falling back to 105-110 but maintaining 125-140 in the longer term. Now here's the cheer guys and gals for Beijing 2008 :
Aussie, Aussie, Aussie, oil, oil, oil
Aussie, Aussie, Aussie, ore, ore, ore!
china steel sector seen lifting iron ore price, page-8
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Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
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| BHP (ASX) Chart |