Rather than get bogged down in conspiracy theories, why not look for plausible reasons? I believe the bleeding obvious to be the potential threat of synthetics. They have the potential to permanently kick the oil price to lower ranges, and a high oil price encourages a huge increase in synthetic r&d.
I would thick that an oil producer would logically want to keep the oil price in a profitable range that discourages thedevelopment of synthetic competitors.
Billy
Rather than get bogged down in conspiracy theories, why not look...
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $142.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $3.653K | 22.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72624 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 56888 | 2 |
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| Last trade - 11.46am 15/11/2024 (20 minute delay) ? |
| OIL (ASX) Chart |