This report was received yesterday - promisingCrude Oil
Recession unlikely to dampen prices(CES) Low spare capacity and continued production management by core-OPEC 2.0 and US shale producers will offset lower demand, and continue to support crude prices. The odds of prices exceeding $140/bbl remain high. We remain long the S&PGSCI index, and the COMT and CRAK ETFs. At tonight’s close, we will get long the iShares U.S. Oil Equipment & Services ETF (IEZ). Separately, we were stopped out of our XOP, XME and PICK ETFs, with gains of 19%, 7.2% and 7.6% respectively
Oil Prices
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.40M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $37.57K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 11509043 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1523856 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |