Because the market makers are playing with the oil price. I just read an article that called oil could go up 20% or drop 20%, seriously what BS is that???
Either way I took the punt in recently selling all my oil stocks once Brent jumped over $100 on the recent relief.
For me today probably starts the accumulation of oil stocks again. Last night's $5/bbl dropped was well staged as the pros were front running by selling oil producers.
Ann: Update on Bauna Intervention Campaign, page-18
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Last
$1.72 |
Change
0.060(3.61%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.73 | $1.67 | $18.60M | 10.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48682 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 130076 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |