Dont forget as the US dollar strengthens oil generally weakens as a price mechanism... Sometimes oil price is influenced mostly by the the usd...
wtih the us recovery looking very strong expect some weakening trends in the POI....the good thing is its a bit of a natural hedge, given a stronger usd generally translates into a weaker aud and thus better pricing when our earnings are converted...
right now we have china weakening, us strengthening and a pretty neutral POI other then currency adjustment...
DLS Price at posting:
$1.37 Sentiment: None Disclosure: Not Held