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Supply Oil Glut -> Media Hype vs Reality. I cant see any Glut.
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1st & 2nd Qtr 2015 Gap between Oil Supply and Oil Demand was around 2.3 mpd, now just 1 mpd. In 2015 Oil Traded around $63/Barrel, Now trading $37/Barrel.
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Basically Oil Should be now above $63/Barrel as was the case in 2015. 1st Qtr 2015 has maximum over supply.
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Sadly "Hedge Fund Managers" are busy shouting from their "Paid Media Plateforms" where they run nonstop commentary about "Oil Glut"
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Last
$6.90 |
Change
-0.175(2.48%) |
Mkt cap ! $22.39B |
Open | High | Low | Value | Volume |
$7.02 | $7.05 | $6.88 | $45.99M | 6.615M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 76633 | $6.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.90 | 11155 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 43999 | 6.900 |
31 | 50742 | 6.890 |
37 | 104689 | 6.880 |
16 | 59863 | 6.870 |
14 | 45522 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.910 | 29270 | 34 |
6.920 | 41988 | 22 |
6.930 | 55546 | 17 |
6.940 | 58024 | 10 |
6.950 | 64195 | 10 |
Last trade - 14.29pm 05/09/2024 (20 minute delay) ? |
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