something to note that with the recent consolidation and movement higher in Brent , the contago in the futures curve is easing with forward months no only demanding a marginal discount . This reflects increasing confidence the oil price will remain elevated into the future . It also provides an opportunity for medium hedging to be locked in at good prices, specifically if oil moves over 70 again
Contago easing
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $324.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $334.2K | 1.670M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 440510 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 479345 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |