The Russian oil is getting sold to China and India plus you have just about every other oil producing country ramping up production so when the Russia/Ukraine situation finally ends you will end up with supply outstripping demand and that won't be good for the oil price.
I would say the chance of seeing US$200 oil in any of our lifetimes is Absolute Zero unless a museum buys a barrel of it for $200 to put in their museum in 50 years time.
BPT target price, page-465
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$1.57 |
Change
0.035(2.28%) |
Mkt cap ! $3.518B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.58 | $1.53 | $5.856M | 3.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 108429 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 5729 | 7 |
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| BPT (ASX) Chart |