Anyway, don't be spooked by the current POO. It's likely in a cyclical correction, and may even fall below $75 (maybe even $70) before it begins its next uptrend. That uptrend will happen within weeks, and $90 is a distinct possibility before the end of the year. There is mounting evidence that supply is tightening further with backwardation (scarcity premium) increasing more and more.
https://www.reuters.com/business/energy/brent-oil-scarcity-premium-widens-100-barrel-forecast-2021-10-26/
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$29.39 |
Change
0.450(1.55%) |
Mkt cap ! $55.79B |
Open | High | Low | Value | Volume |
$29.30 | $29.48 | $29.21 | $79.16M | 2.694M |
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No. | Vol. | Price($) |
---|---|---|
16 | 5951 | $29.38 |
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Price($) | Vol. | No. |
---|---|---|
$29.40 | 15565 | 23 |
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No. | Vol. | Price($) |
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22 | 4646 | 29.380 |
20 | 7312 | 29.370 |
20 | 14663 | 29.360 |
26 | 6412 | 29.350 |
17 | 6283 | 29.340 |
Price($) | Vol. | No. |
---|---|---|
29.390 | 5714 | 8 |
29.400 | 14670 | 19 |
29.410 | 14833 | 14 |
29.420 | 4771 | 14 |
29.430 | 8447 | 10 |
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