There is now some agreement that it has been IRAQi oil production that has been behind the fall in POO.
They are now producing 4.5 MBOE and massively discounting.
Now ISIS threatening Kirkuk where there are big fields
http://edition.cnn.com/2015/01/30/middleeast/isis-attack/
Hence the fall
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$7.43 |
Change
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 19 | 38693 | $7.43 |
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| Price($) | Vol. | No. |
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| $7.44 | 15719 | 17 |
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| Last trade - 11.48am 20/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |