NS
Daily spot prices become weekly averages, weekly averages become monthly etc etc
Spot down slightly again last night - dropped about 2.50 in 3 weeks . You oil comparison is a bad one . What we pay at the pump is impacted by currency , refinery margins, retail profits and a oligopoly of sorts. Look at the oil price and compare the impact on oil producer SP and their balance sheets ( STO , ORG , AwE ) and there you will see the impact of oil prices.
For the same reason why were getting excited when spot price was jumping , we should be monitoring the fall
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$9.71 |
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Open | High | Low | Value | Volume |
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16 | 9093 | 9.690 |
11 | 8859 | 9.680 |
12 | 18576 | 9.670 |
10 | 4717 | 9.660 |
Price($) | Vol. | No. |
---|---|---|
9.720 | 7628 | 12 |
9.730 | 12712 | 13 |
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9.760 | 8614 | 10 |
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