the SP did not match the 4.5% rise in crude because of the "conflict"in Yemen is just considered a 'non event' by futures traders.that"s why the reality remains-oil is so overpriced at $50 with the amount of supply that it may go down to who knows what.
the problem is you have had some geopolitcal conflict,everyone gets excited thinking they are are on a winner,but don't realize that it's time to take profits ,as the rally is virtually over before it started.
cheers crazypunter
Santos to rise as conflict heats up, page-7
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Last
$8.00 |
Change
0.315(4.10%) |
Mkt cap ! $25.98B | |||
| Open | High | Low | Value | Volume |
| $7.99 | $8.18 | $7.94 | $123.1M | 15.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 30982 | $7.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 25824 | 26 |
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| Last trade - 14.02pm 04/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |