This report was received yesterday - promisingCrude Oil
Recession unlikely to dampen prices(CES) Low spare capacity and continued production management by core-OPEC 2.0 and US shale producers will offset lower demand, and continue to support crude prices. The odds of prices exceeding $140/bbl remain high. We remain long the S&PGSCI index, and the COMT and CRAK ETFs. At tonight’s close, we will get long the iShares U.S. Oil Equipment & Services ETF (IEZ). Separately, we were stopped out of our XOP, XME and PICK ETFs, with gains of 19%, 7.2% and 7.6% respectively
Oil Prices
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 (20min delay)
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $178.6M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.2¢ | $215.6K | 4.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1990394 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
5.2¢ |
Change
-0.002 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.4¢ | 5.2¢ | 1210770 | ||
| Last updated 15.38pm 10/05/2024 ? | |||||
| MAY (ASX) Chart |