A lot of people are not sure why BHP got belted, well one thing that no one has mentioned is the Oil price overnight came off its highs.Look for a down turn maybe as low as 90 bucks a barrel.
Another Wednesday, another incorrect inventory forecast from the experts. With an increase of 2.3 million barrels expected, the Energy Information Administration stepped to the plate and announced a 200,000-barrel increase. Despite the weaker-than-expected results, black gold shed $4.94 to finish at $104.48 per barrel. The intraday low for the front-month contract slipped to $102.95. The drop prompted Phil Flynn from Alaron Trading to tell MarketWatch, "the commodity bubble is bursting and the party is over.
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Last
$40.21 |
Change
-0.810(1.97%) |
Mkt cap ! $203.9B | |||
| Open | High | Low | Value | Volume |
| $40.57 | $40.59 | $40.06 | $321.6M | 7.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5550 | $40.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.22 | 5300 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |