Don't know about a false rally in the oil price but it smells of a short covering rally on the futures markets but in the medium term countries can only produce at a loss for so long.
Money has to go somewhere with interest rates at record lows so it'll lead to asset price inflation and only decent returns are on the markets at the moment.
BHP makes up a big part of our index and always a favourite for funds, large and small.
have we seen the bottom?, page-22
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Last
$42.10 |
Change
0.910(2.21%) |
Mkt cap ! $213.7B | |||
| Open | High | Low | Value | Volume |
| $41.88 | $42.29 | $41.69 | $309.4M | 7.319M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9922 | $42.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 5912 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |