Nothing more volatile atm than price of oil (POO). Using graph for WTI (brent is similar) POO was $37.60 on 6th April. Shot to $52 on 09/06 i.e. 8 days ago. Now plunged $6 to just close juust above $46 last night! Crazy esp considering oil id wld's largest traded commodity. No wonder WOR's SP is moving sharply. imo if you have to own WOR wait until oil gets to 65-70 range and stays there for 2-3 months minimum. New projects (costing hundreds of millions) will not be commissioned until some price certainty emerges. That's my take.
Nothing more volatile atm than price of oil (POO). Using graph...
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
