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.
A lot of people are not sure why BHP got belted, well one thing...
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Last
$43.29 |
Change
-0.270(0.62%) |
Mkt cap ! $219.5B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $148.8M | 3.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 27933 | $43.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.30 | 3154 | 29 |
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| Last trade - 14.30pm 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |