pondering ‘what if’ lower oil prices

A call that I’m not hearing much about it for lower #oil prices.

My historical posts have called for WTI Crude to around an initial visit to $64, and failing that $46-$48.

I think the probability for the latter is gaining.

Today, WTI Crude is $69.40.

A $46 price in WTI #Crude correlate with lower Nat Gas prices and the share prices of related petro/hydro chemical companies.

As an example, that may translate to seeing the trading of stock prices in companies such as #Woodside (WDS.AX) at A$19, #BP at 333p and #Occidental (OXY.N) <US$38.

September 5, 2024

by Rob Zdravevski

rob@karriasset.com.au