I saw a report yesterday which showed the price of oil in high correlation to the bond yield. Lately a huge mismatch has developed in the chart, which suggests that oil would normally be sub $20 and that the difference is a war premium.
There is no suggestion that oil will immediately go down, but if conditions change then the downside in oil stocks is significant.
** What's up with Woodie??**, page-4
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Last
$23.90 |
Change
-0.080(0.33%) |
Mkt cap ! $45.38B | |||
| Open | High | Low | Value | Volume |
| $24.08 | $24.13 | $23.67 | $126.9M | 5.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14288 | $23.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.91 | 12693 | 3 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| WDS (ASX) Chart |