Australia's largest stock trading and investment forum Australia's #1 stock forum

FAR

Click for more information

3.30%

44.0¢ far limited

US Oil - Highest Monthly Gain in History, page-2

First 2 Last

Share
Profile

Follow
Sojourner

6,501 Posts.

1892

04/06/20

00:35

Post #: 45022074
Share

Originally posted by elemental09 ↑

Interesting news in the last few hours - broadcast across a lot of major news sites. It looks like the volume of Oil sitting in tankers / containers not getting used is dropping. Its also interesting when you look at the OPEC production cuts and number of oil refineries that had started shutting down due to corona.

I am wondering if there is going to be an oil shortage in the next 12months. Prices have started picking up already. Hopefully this helps with our finance.

https://www.forbes.com/sites/daveke...-price-collapse-is-already-over/#1fc67b707436"Data revealed yesterday shows U.S. oil prices had their largest monthly gain in history in May, recovering a large portion of the losses accrued in March and April as a result of the Coronavirus lockdowns and the price war between Saudi Arabia and Russia. For those two months, oil was sitting in tankers and refineries across the world unused, waiting for the lockdowns to end. Oil prices dropped into negative numbers for the first time. As a result, oil producers majorly slowed output. Now, with economic activity reviving as lockdowns end, the pent-up storage is ready to be deployed."

Expand

This is going to have little impact on the fate of FAR Ltd.

FAR Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 195 more messages in this thread...

First 2 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 44.0¢		Change -0.015(3.30%)		Mkt cap ! $40.66M

Open	High	Low	Value	Volume
44.0¢	44.5¢	44.0¢	$9.814K	22.30K

Buyers (Bids)

No.	Vol.	Price($)
6	133046	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	166282	4

View Market Depth

No.	Vol.	Price($)
5	123046	0.440
3	60485	0.435
3	47704	0.430
1	50000	0.425
1	10000	0.420

Price($)	Vol.	No.
0.445	10000	1
0.455	1369	1
0.460	28472	5
0.465	2631	1
0.480	3200	2

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 44.5¢			Change -0.015 ( 1.11 %)
Open	High		Low	Volume
44.0¢	44.5¢		44.0¢	64613
Last updated 14.16pm 13/05/2024 ?

FAR (ASX) Chart

SPONSORED BY