I think we'll be looking at $100 oil again in 12-18 months. The Saudis are a greedy lot. The past few days looked like a classic short squeeze at month end, leading into a new month. A major repositioning if you will with some profit-taking on otherwise under-par economic data. $70-$80 is actually WPL's sweet spot based on past reports, as they sold more because of higher demand. Not sure if it still holds true. However when 90% of the market is calling for $140 or $200 oil, I like to be on the other side of that trade. Same goes when they are calling for $10, $20 or $30. Timing the permanent bounce is never easy.
I think we'll be looking at $100 oil again in 12-18 months. The...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$24.07 |
Change
0.100(0.42%) |
Mkt cap ! $45.70B | |||
| Open | High | Low | Value | Volume |
| $24.15 | $24.24 | $23.97 | $47.93M | 1.990M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2039 | $24.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.08 | 357 | 1 |
View Market Depth
| Last trade - 16.10pm 14/07/2025 (20 minute delay) ? |
| WDS (ASX) Chart |