STO 0.59% $6.79 santos limited

Am I missing something here or is Oil Price being perversely...

  1. 539 Posts.
    lightbulb Created with Sketch. 14
    Am I missing something here or is Oil Price being perversely bearish? Have the refiners gone into maintenance and wouldn't their unused gas stocks be counted in inventory antway? Like clockwork Oil Price has a bearish angle everttime the POO rises?
    QUOTE: Yesterday, for example, after the API reported a draw of 5.75 million barrels in gasoline stockpiles, versus analyst expectations of a 2.3-million-barrel decline. This decline, again, is more likely a result of lower refinery activity than an increase in production but traders are apparently oblivious to the causes behind inventory movements as long as these movements are in the right direction.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
(20min delay)
Last
$6.79
Change
-0.040(0.59%)
Mkt cap ! $23.02B
Open High Low Value Volume
$6.85 $6.86 $6.77 $34.22M 5.035M

Buyers (Bids)

No. Vol. Price($)
2 16991 $6.79
 

Sellers (Offers)

Price($) Vol. No.
$6.80 104270 4
View Market Depth
Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
STO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.