Watch Brent not WTI.WTI stands for West Texas Intermediate and represents crudes sold in onshore US, it's chemically superior to Brent but not exported. Effectively WTI is its own market separate demand mechanics. Pre shale oil when US was a bigger importer WTI traded at around a $5 premium over Brent. US storage is filling up. The US didn't want to cut supply with OPEC, now they are seeing the impact of not participating worse than the rest of the world.
Brent is recognised as a global commodity and WPLs reports all talk about Brent or JCC, effectively the prices of both move in lock step.
This in its own way is good for WPL, it means the producers most under pressure are in the US.
Watch Brent not WTI.WTI stands for West Texas Intermediate and...
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Last
$27.28 |
Change
0.110(0.40%) |
Mkt cap ! $51.79B | |||
| Open | High | Low | Value | Volume |
| $27.16 | $27.43 | $27.08 | $103.0M | 3.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $27.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.29 | 183 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$27.26 |
Change
0.110 ( 0.41 %) |
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| Open | High | Low | Volume | ||
| $27.15 | $27.43 | $27.09 | 959566 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WDS (ASX) Chart |