The production cut agreement had a negative effect on the oil price and has plungged to $22.5 a barrel after the announcement from about $27 a barrel before the announcement. I would be surprised if the share price will continue to climb. The production cut is not binding and remains to be seen how much of it will be honored. We wait to buy as there is no rush.
The production cut agreement had a negative effect on the oil...
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Last
$7.68 |
Change
-0.010(0.13%) |
Mkt cap ! $24.94B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.78 | $7.67 | $58.69M | 7.605M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18648 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 18584 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |