|Bid||11.930 x 3800|
|Ask||11.940 x 7900|
|Day's Range||11.845 - 12.080|
|52 Week Range||11.200 - 19.280|
|PE Ratio (TTM)||-1.51|
|Dividend & Yield||0.20 (1.63%)|
|1y Target Est||N/A|
Oil traders are wrong. The clash between Qatar and the Saudis is bullish, not bearish, for oil prices. At least in the long run, as it changes the geopolitics of the oil market.
While analysts point to its large size as a hindrance to growth, there’s a different factor at play driving the oil giant’s slower growth rate.
Sinking oil inventories, accelerated demand growth, and slowing shale supply growth could all lead to higher oil prices in the coming months.