Yes, cheaper oil over time helps lower inflation but it doesn't mean people burn more oil. As inflation goes down there comes probability of reducing rates in AU but it will take time and that time is what will keep oil stock prices in check unless KAR declaring 40c Dividend which is not going to happen.. !
Karoon Coming Milestones, page-109
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Last
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $4.290M | 3.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2727 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 17538 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |