Think of oil reaching $125 - $130 as this crisis unfolds ... and if the contagion spreads to Saudi Arabia add at least another $50
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
" 'This is potentially worse for oil than the Iran crisis in 1979," said Paul Horsnell, head of oil research at Barclays Capital. "That was a revolution in one country, here there are so many countries at once. The world has only 4.5m barrels-per-day (bpd) of spare capacity, which is not comfortable.'
US oil contracts jumped more than $9 a barrel in a matter of hours on Tuesday to touch $98, chasing Brent crude at a 30-month high of $109 as the whole global oil system is drawn into the vortex. While Egypt is a minor oil player, Libya's Sirte Basin holds Africa's largest reserves and supplies 1.4m bpd in exports, mostly to Italy, Germany and Spain."
http://www.telegraph.co.uk/finance/financetopics/oilprices/8339955/Oil-shock-fears-as-Libya-erupts.html
forget $100 oil .. think $125-30 oil
Add WDS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$26.73 |
Change
-0.365(1.35%) |
Mkt cap ! $50.81B | |||
| Open | High | Low | Value | Volume |
| $27.00 | $27.07 | $26.72 | $78.23M | 2.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 58706 | $26.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.73 | 4149 | 11 |
View Market Depth
| Last trade - 14.46pm 29/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |