Oil dropped below 1986-2002 median price.
The main factors commodity that effect markets are based on are demand and supply, substitution, shortages and surplus.
You are using logic based on domestic product price increases.
Commodities are certainly not linked house prices or milk. That is false reasoning or we would be using milk as an oil indicator.
credit risk capital raising flag, page-43
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.77 |
Change
1.120(2.57%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.49 | $44.87 | $44.00 | $347.0M | 7.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5589 | $44.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.77 | 8514 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |