I saw a report yesterday which showed the price of oil in high correlation to the bond yield. Lately a huge mismatch has developed in the chart, which suggests that oil would normally be sub $20 and that the difference is a war premium.
There is no suggestion that oil will immediately go down, but if conditions change then the downside in oil stocks is significant.
** What's up with Woodie??**, page-4
Add WDS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$26.06 |
Change
0.150(0.58%) |
Mkt cap ! $49.48B | |||
| Open | High | Low | Value | Volume |
| $25.94 | $26.14 | $25.77 | $114.4M | 4.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3100 | $26.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.07 | 7181 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |