Local shares are poised to lift more than 30 points at the open after a surge in the price of oil on optimism that OPEC is edging closer to a deal to cut output. The Australian dollar was 0.2 per cent higher.
Oil leapt more than 4 per cent amid signs that a consensus is building both within and outside of OPEC to pare global output and bolster prices. Goldman Sachs says the odds of a deal have increased and it believes the global oil surplus will shift into a deficit by the middle of next year. BHP Billiton was 2.2 per cent higher in afternoon trade in New York, Rio Tinto was up 1.9 per cent
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oil surges
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $148.1K | 782.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1376701 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 286426 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| HZN (ASX) Chart |