What I mean is, while I think of it, before I turn off the laptop and embrace the day, that punters who buy oilers are influenced to some extent by changes in the POO. The price of crude can be a rough guide to actual consumption- to the extent that it does the POO can give feed back to oiler investors about how the sector is tracking. Yeah? That must be the implicit assumption.
But the POO does not just reflect the actions of buyers and sellers of actual barrels of oil. It has its own speculators/investors/shorters.
So, getting to the point, I am thinking that the POO may be more biased towards the confidence of investors than actual transactions between oil producers and refinery owners.
Unless, it is a seasonal thing with refiners stockpiling finished products ahead of expected increased demand. And actual consumption of gasoline etc will tell us that.
Good luck to all holders.
WPL@$30, page-426
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Last
$27.28 |
Change
0.110(0.40%) |
Mkt cap ! $51.79B | |||
| Open | High | Low | Value | Volume |
| $27.16 | $27.43 | $27.08 | $103.0M | 3.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $27.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.29 | 183 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$27.26 |
Change
0.110 ( 0.41 %) |
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| Open | High | Low | Volume | ||
| $27.15 | $27.43 | $27.09 | 959566 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WDS (ASX) Chart |