There is no switch.
The damage being done to the entire oil industry is immense.
We will go from glut to shortages in a heartbeat.
From $40 to $150?
http://www.safehaven.com/article/38970/this-is-what-needs-to-happen-for-oil-prices-to-stabilize
Vicious J curve playing out
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31741 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 200000 | 1 |
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| Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |