Yes in the past the OPEC nation( saudis) would have backed the US. The US would have given these country
Military support. The OPEC nation would then further support the US by supporting the petro dollar.
What has changed .....
The US support Syria ... . OPEC nation got offended.
OPEC nation did not support the petro dollar (china can now buy oil in RMB).
US open up it oil export.
So KABOOM We have a oil war. but it more then an OIL war, it a war vs he US dollar.
I suspect more unrest will happen in the middle eastern country. This will cut oil supply because "Oil fields" will be taken out by "People" who want the oil price to raise thus supporting the petro dollar.
Hence oil will not raise due to supply and demand .. but attacks on the oil fields.
- Forums
- ASX - By Stock
- STO
- Oil $47.18US in early trade
Oil $47.18US in early trade, page-72
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.99 |
Change
0.050(0.63%) |
Mkt cap ! $25.94B |
Open | High | Low | Value | Volume |
$8.00 | $8.02 | $7.97 | $30.03M | 3.757M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34454 | $7.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.99 | 16562 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4098 | 7.980 |
5 | 29160 | 7.960 |
5 | 79407 | 7.950 |
5 | 38254 | 7.940 |
1 | 19071 | 7.930 |
Price($) | Vol. | No. |
---|---|---|
7.990 | 16562 | 1 |
8.000 | 49659 | 10 |
8.010 | 39199 | 13 |
8.020 | 56125 | 18 |
8.030 | 88911 | 9 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online