STO 0.45% $6.72 santos limited

News: STO Aussie shares hit over 2-mth high; NZ at 3-mth peak, page-3

  1. 6,436 Posts.
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    i suspect the market has read oil price incorrectly.

    everyone's been saying the selloff was saudi oversupply and the assassination

    instead i think what happened was China put a curb on imports to reduce current account drag. i know they froze coal imports  October to December

    if thats the case - then we could see a v rare V recovery in oil + coal as they use the simulus that they just went into banks to replenish inventories
 
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