Pretty incredible timing for oil to begin to rise with a 2nd pump likely installed in the Cooper basin and indo production and share of oil produced increased and extended to 2035. I wonder how the weather has been for the last month in the Cooper basin... hopefully no further delays with rain and road closures.
Based on todays price action it seems to me that the market really wants confirmation that the pump has been installed before the price moves. Good buying op for those with a high risk appetite.
Pretty incredible timing for oil to begin to rise with a 2nd...
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