Anyway, don't be spooked by the current POO. It's likely in a cyclical correction, and may even fall below $75 (maybe even $70) before it begins its next uptrend. That uptrend will happen within weeks, and $90 is a distinct possibility before the end of the year. There is mounting evidence that supply is tightening further with backwardation (scarcity premium) increasing more and more.
https://www.reuters.com/business/energy/brent-oil-scarcity-premium-widens-100-barrel-forecast-2021-10-26/
WPL@$30, page-3723
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Last
$29.38 |
Change
0.435(1.50%) |
Mkt cap ! $55.91B | |||
| Open | High | Low | Value | Volume |
| $29.30 | $29.48 | $29.21 | $75.33M | 2.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 7081 | $29.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.38 | 3059 | 13 |
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| Last trade - 13.26pm 15/07/2024 (20 minute delay) ? |
| WDS (ASX) Chart |