Ok we will soon find out.
Oil in the short term is heading under $40 probably mid 30's.
The reason is simple, the world economy is slowing and it has a lot more to go, specially China.
The market has already factored in a production cut.
If they keep cutting production and oil does not raise earnings are going to look very sad.
Ok we will soon find out.Oil in the short term is heading under...
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Last
$28.21 |
Change
-0.040(0.14%) |
Mkt cap ! $53.56B | |||
| Open | High | Low | Value | Volume |
| $28.53 | $28.57 | $28.21 | $128.2M | 4.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 63674 | $28.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.23 | 18595 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WDS (ASX) Chart |