Well. if that historical anomaly happens, the glut continues and demand flattens or weakens, then the the oil producing countries in the Middle East will be basically in turmoil in the coming years, global consumer growth will be exponential and almost everybody will be on the right side of the trade.
Markets don't generally work like that IMHO, there is a still a mild contango in the POO so I will back the POO higher position with a few hedges in global airlines, defence and aerospace stocks, CTX and grocers just in case POO is lower for longer.
Well. if that historical anomaly happens, the glut continues and...
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Last
$26.87 |
Change
-0.270(0.99%) |
Mkt cap ! $51.01B | |||
| Open | High | Low | Value | Volume |
| $26.90 | $26.98 | $26.70 | $103.8M | 3.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48 | $26.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.90 | 23500 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |