i reckon its sto org and wpl are sort of disconnected with poo lately as in not a huge fall
as seen in the past after they announced they can survive for number of years and osh have done good cap raising so they would not fall much and poo already trading very low at $19 per bbl Indicating its all
near bottom. India will be easing restrictions allowing rural
areas to open for business in couple of weeks suggesting rest of the country will follow
10m pb from opec+ , malaysia 0.2m per bbl and other small producers announced cuts and us shales strip wells shutdown means oil will have steep cut from may and if we start seeing countries unlocking shut downs in few weeks I believe the POO will show reversal in a month and all these oil producers will recover quite steeply..lets see What it brings in a month..
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